#CardanoDebate 1. **General Average of Investors**

- **Average monthly investment amount**:

Estimated between **R$ 300 and R$ 600** per person among those who already invest actively (sources: Anbima, B3, Febraban).

- **Percentage of the population that invests**:

Only **~2% of Brazilians** (about 4 million people) invest directly in stocks, for example. If we include treasury, CDB, funds, etc., that number rises to **~15%** (source: B3/Datafolha 2023).

---

### 2. **Income Inequality**

- **Top 1% richest**:

Concentrates more than **50% of the country's investments**.

- **Middle/low class**:

A large part of the population cannot invest. About **34 million adults** do not even have a bank account (source: World Bank).

---

### 3. **Where do Brazilians Invest?**

- **Savings still dominate**:

Almost **70%** of retail investments are in savings, even with low profitability.

- **Capital market**:

Stocks, real estate funds, and direct treasury represent about **25%** (growing slowly).

- **Private pension**:

Attracts average investments of **R$ 100 to R$ 300/month** (conservative profile).

---

### 4. **Barriers to Investing**

- **Low disposable income**:

44% of families have debts (Serasa).

- **Lack of financial education**:

58% of Brazilians do not understand basic investment concepts (OECD).

- **Distrust in the market**:

Culturally, Brazilians prefer real estate or savings due to fear of risks.

---

### 5. **Recent Trends**

- **Increase in CPF registrations at B3**:

Jumped from **600 thousand (2019)** to **~4.5 million (2023)**.

- **Minimum initial investment**:

Digital platforms allow starting with **R$ 50–100** (facilitating access).

- **Young profile**:

People between **25–35 years old** are the most entering the market via apps (e.g., Nubank, Rico).

---

### Conclusion

The average is **low** (R$ **300–600/month among those who invest**), but it **deceives those who think they are investing**.