Debt concerns compromise feel-good factors

On paper, Brazil's economy looks remarkably healthy. Unemployment is at a historic low. Wages are up. Inflation, while still a concern, remains within the government's target range. And yet, something feels off for millions of Brazilians.

Brazilian families are now directing 29% of their income toward servicing financial obligations, the highest share in at least 20 years, according to new Central Bank data. Of that, 10.4% is spent just on paying interest.