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Total indebtedness of Brazilian families reaches new record – Central Bank

RIO DE JANEIRO, BRAZIL - The economic crisis, triggered by the pandemic of the new coronavirus, has caused the indebtedness of families in Brazil to reach a new record. Data released Monday, June 28, by the Central Bank show that in March, the indebtedness of families with the financial system reached 58%. This is the highest percentage in the historical series that began in January 2005.

The Central Bank's calculation considers total bank debt divided by family income over a 12-month period; however, it includes data from the Continuous National Household Sample Survey (Pnad) and the Monthly Employment Survey . . .

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