Brazil: Indebtedness hits record high, reaching 3 out of 10 families

Another record in April, according to the survey, is the 77.7% of families with outstanding debts, such as post-dated checks, credit cards, overdrafts, store credit cards, consigned credit, personal loans, car, and house payments. This rate was 10% lower, at 67.5% a year ago.

RIO DE JANEIRO, BRAZIL - The percentage of indebtedness hit a new record in April this year, reaching 28.6% of all Brazilian families. The index is 0.8% higher than the one registered in March and 4.3% more than April last year. The worsening has intensified over the . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?