SP, Brazil – In July and August, there was an increase of 78% in the number of “bad” (returned) checks that were issued to pay for food purchased at supermarkets. The comparison was made ​​with the same period last year. “When consumers find it difficult to honor their financial obligations with monthly purchases of food, it is a real sign that the brazilian economy may be worse than it looks,” says the president of Telecheque, José Antonio Praxedes.
The executive notes that expenditure on food items is a first necessity, repeated every month. “So if the person has ceased to cover the check (default) at the supermarket, hence taking the risk of losing the credit and thus undermining the purchase of next month – it is because her financial situation is already very compromised.”

Source: “Consumidor de baixa renda esta com dificuldades de pagar compra em supermercado

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