IBGE data from 2000 and 2010 indicate that the elderly population will grow twofold in the next 25 years, reaching nearly 32 million Brazilians. Data from Previdência Social in 2012 indicate the payment of 16.407 million retirement pensions worth on average R$ 843.11. The biggest part (69.8%) – including stipends – were worth up to one minimum wage, encompassing 20.6 million benefits.
Based on 2010 data from the Instituto Nacional de Segurança Social – INSS (National Social Security Institute), this population is a major taker of credit, at times leading to super indebtedness, which further aggravates their situation since this is the phase in which this population tends to need medications and special healthcare more and more over the years.
The AEF-Brazil project for this population is to develop a social technology that contributes towards a reduction in super indebtedness, helping them manage their income and to protect them, most especially, from the risks of consigned credit.