53% of Brazilians are able to maintain themselves for less than 3 months should they lose their income

For 30%, the limit would be only one month, according to a survey by the Development Bank of Latin America on financial education in Brazil.

RIO DE JANEIRO, BRAZIL - More than half of the Brazilians - precisely 53% - could cover their own expenses for, at most, three months without borrowing money if they lost their main source of income. There is one further detail: for about 30%, the limit would be less than a month.

The data, ascertained in a survey by the Development Bank of Latin America ascertained by InfoMoney, show the vulnerability of Brazilians in a particularly difficult moment. With the Covid-19 pandemic showing no signs of abating, few have a sufficient emergency reserve to face a possible loss of income with peace . . .

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