Four out of every ten Brazilian adults are in debt, a proportion equivalent to a record 63.71 million people in the country, according to the National Confederation of Store Managers (CNDL).
In August, Brazil's total number of people with debts grew by 10.13 percent compared to the same month last year, and by 0.78 percent compared to July.
The president of the CNDL, José César da Costa, explained that despite the improvement of some economic indicators in recent months, high inflation continues to hurt Brazilian consumers.
"Some indexes in the macroeconomic scenario had improvements, such . . .
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