Millionaire Savings Rise by 160% in Brazil: Daily

By Chesney Hearst, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – The number of Brazilian investors with over R$1 million in savings accounts has increased by 160 percent in the last five years, with the number reaching 10,145 people in 2013 up from 3,914 in 2008, according to a study from Brazil's Central Bank.

Reasons for the increase in savings vary, analysts claim, but risk aversion to fear of inflation and the return of an . . .

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