Over Half of Brazilian Families in Debt

By Helen Trouten Torres, Contributing Reporter

RIO DE JANEIRO, BRAZIL - New research released this month adds weight to the reports that Brazil’s economic growth is largely being fueled by credit markets. The research by APAS (Paulista Association of Supermarkets) shows that 53 percent of all Brazilian families are spending more than they earn. Similar research by the Household Budget Survey (conducted by the Brazilian Institute of Geography and Statistics) revealed that . . .

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