Central Bank of Brazil survey shows poor savings habits

Bankruptcy
Household risk: 56% of respondents do not use any form of budget

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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