Central Bank of Brazil survey shows poor savings habits
More than half of respondents had no spare earnings over the past year to put aside
Brazilians have poor savings habits, according to the results of a recent survey published by the Central Bank of Brazil.
The results show 56% of respondents admitted they do not use any form of budget, while 69% said they did not have any spare income from their earnings over the past 12 months.
The survey consisted of 2,002 face-to-face interviews with people aged over 16 across Brazil.
Such habits, the central bank said, could put households at risk if “unforeseen expenses” arise; this
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