Brazil Household Debt-to-Income Ratio Hits Record 50.1%
Brazilian household debt as a share of income over the previous 12 months rose to 50.1% in August. The share of income committed to debt servicing also reached a record 29.0%, central bank data showed.
Brazilian household debt as a share of income accumulated over the previous 12 months rose to a record 50.1% in August, while income committed to debt servicing also reached an all-time high of 29.0%, central bank data showed on Thursday.The figures highlight mounting strains on household finances…