After suffering its worst recession on record, Brazil is also undergoing its worst post-recession recovery. Growth estimations for 2019 are being reduced week-on-week and if it keeps up its current pace, Brazil will only return to pre-recession levels by the third quarter of 2023. This economic scenario automatically has a knock-on effect on the personal finances of the Brazilian population. Unemployment and underemployment are high, and even those in work are seeking ways to boost their income.
While many are taking on extra jobs—services apps such as Uber, iFood and Rappi have become the “biggest employer” in the country, according...
