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Half of Brazilians Spend More Than They Earn

Half of Brazilians Spend More Than They Earn

A study of employees at Brazilian companies showed that more than half (or 55%) spend more than they receive in salary, while the other 45% spend “a little less” than they earn. [bloqueador]

The survey was conducted by the financial consulting fintech Leve. In total, 700 employees from 16 companies were interviewed. The objective was to draw a profile of the workers’ finances. According to Leve, the study painted a concerning picture of Brazilians’ lack of financial control.

According to the survey, 35% of workers would only be able to maintain their standard of living for three weeks after they stopped working.

Debt is also a common problem among many Brazilians. One-quarter of those interviewed (25%) have debts exceeding what they can afford to pay. A little less than half of the respondents (46%) said they have their debts under control.

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