According to a survey by the National Confederation of Trade of Goods, Services, and Tourism (CNC), middle-class families in Brazil witnessed a rise in debt and delinquency in May.
The survey revealed that 79.6% of families earning between 3 and 5 minimum wages reported having debts, a rise from 78.7% in April.
Delinquency rates also increased, with 27.7% reporting overdue debts, a 0.4 percentage point increase from the previous month's figure of 27.3%.
This data is derived from the Consumer Indebtedness and Delinquency Research (Peic), published by the CNC on Tuesday (June 6 . . .
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