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Christmas Bonuses in Brazil Will be Used to Pay Debts

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – With the deterioration of economic indexes and forecasts of more financial turbulence ahead in 2016 for Brazil, a new study shows that workers receiving their Christmas bonuses this year will spend most of the extra income paying off debts.

According to a survey conducted by the National Association of Executives of Finances, Administration and Accounting (ANEFAC), 74 percent of those interviewed stated they would use their bonuses to pay off credit cards, overdue bills and bank loans.

Due to concerns about the future, the survey also showed that after paying . . .

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