A recent survey conducted by the Brazilian financial institution Creditas in collaboration with the polling agency Opinion Box revealed that sixty percent of Brazilians believe that using social networking sites can lead to an increase in debt.

According to "CNN Brazil," the survey covered 1506 residents aged 18 and above from different regions and income levels, aiming to understand the relationship between Brazilian consumers and credit services, as well as their main motivations for using loans.

Survey data showed that 33% of respondents believe that social networking sites encourage people to make unnecessary purchases; 17% think these platforms reinforce a culture of consumerism, and 13% indicated that social networking sites encourage impulsive buying.

Zhongjin learned that currently, 70% of Brazilians have debt, one of the main reasons being excessive unexpected expenses, mentioned by 30% of respondents. This is followed by credit card overdraft debt (27%) and installment payment debt (24%).

Guilherme Casagrande, a financial educator at Creditas, believes that Brazilian debt is often linked to limited-time promotions, trends, and misconceptions that certain products or services can effectively increase happiness.

He noted: "When shopping encouraged by social networking sites, Brazilians often use one of the riskiest credit mechanisms available in the market, revolving credit on credit cards. Blindly using this type of credit can lead to high-interest debt."

In a situation of debt, it is crucial to reevaluate financial control plans. Casagrande suggests that debtors should first list all debts and then search for the best repayment options. He recommends utilizing loan products with relatively lower interest rates available in the market, such as secured loans for cars, homes, and salaries, to pay off high-interest debts.

Considering the impact of social networks on users' financial situations, Casagrande put forward some recommendations, including filtering the content followed, reviewing the necessity of each purchase, setting a budget for additional expenses, avoiding installment payments as much as possible, turning off product promotion notifications, and spending time understanding financial knowledge such as interest rates and credit forms.