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Almost 40 Percent of Young Brazilians are or Have Been “Blacklisted”

By Arkady Karpov, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Brazilians in early adulthood suffer from higher unemployment and lack of financial education, although they have to help with household expenses and to spend on education and food, most of them become indebted for purchasing consumer goods.

An unprecedented survey conducted by the National Chamber of Store Managers (CNDL) and the SPC Serasa credit bureau has mapped the financial situation of Brazilians between the ages of 18 and 24, taking their first professional steps.

Currently, four out of ten young adults have or have had their names blacklisted. The main reason . . .

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