Brazilian Consumer Spending Grows

By Jaylan Boyle, Senior Contributing Reporter

RIO DE JANEIRO - Consumer spending in Brazil shows no signs of slowing down during the holiday season. While retailers around the world are suffering with sluggish sales, Brazilian buyers are flocking to purchase high-ticket items such as electronics and cars.

In part, this clamor to get to the checkout is being driven by easier access to credit for Brazilians who previously could not afford interest rates, or get past prohibitive lending criteria.

Figures compiled by the Lafferty Group show that consumers in the U.S. lowered their credit card balances across the board . . .

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