By Ben Tavener, Senior Contributing Reporter
RIO DE JANEIRO, BRAZIL – Some 58.2 percent of Brazilians use their monthly salary to pay off “installment debt,” according to a new survey by the Instituto Brasileiro de Economia (Brazilian Institute of Economics, Ibre-FGV). Yet the survey also showed most debts were short-term: 78.4 percent had installment repayment plans of six months or less, and only 10.1 percent had taken out plans for twelve months or more.
Those living in Brazil will know the scenario: an . . .
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