Members mvan1 Posted February 6, 2016 Members Share Posted February 6, 2016 An unpleasant trend of bank withdrawals by Brazilians was reported for the month of January. Among other things, the report confirms a severe recession but worse, it confirms that many Brazilians are living off of their savings rather than living off of money earned by working. The increased unemployment in Brazil is one reason we are seeing a new crop of sauna workers (garotos). "The net outflow of savings deposits also has been attributed to Brazil's recession and high inflation and joblessness, which have forced Brazilians to withdraw money for basic expenses. EFE" Here is the article that is not good financial news for Brazil and/or its people: http://latino.foxnews.com/latino/news/2016/02/04/central-bank-record-net-savings-withdrawals-in-brazil-in-january/ - Badboy81 1 Quote Link to comment Share on other sites More sharing options...
