Brazil Has More Than 59 Million in Debt Shows Survey

The number represents 39.3 percent of the adult population and according to officials the number of debtors should continue high in coming months.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL –More than 59 million people in Brazil were in debt at the end of July due to high unemployment rates and economic difficulties faced by Brazilian households, according to data from a survey produced by the Credit Protection Service (SPC Brasil) and the National Confederation of Shopkeepers (CNDL).

The number represents 39.3 percent of the population between 18 and 95 years and according to officials even with the expected recovery in the economy, the number of Subscribe to our Premium Membership Plan. Already Subscribed?