RIO DE JANEIRO, BRAZIL – A survey of workers in Brazilian companies showed that more than half (or 55%) spend more than their salaries, while another 45% spend “a little less” than they earn.
The survey was conducted by financial consulting fintech Leve. In total, 700 employees from 16 companies were heard.
The goal was to draw a profile of workers’ finances. According to Leve, the study drew a worrisome picture of Brazilians’ lack of financial control. According to the survey, 35% of workers were only able to maintain their living standards for 3 weeks after ceasing to work.
Debts are also a common issue among many Brazilians. A quarter of respondents (25%) have debts exceeding what they can afford to pay. A little less than half of respondents (46%) said their debts are under control.