http://site.cvc.com.br/index.aspx

Like China, Brasil~s middle class has increased many fold during the past 12 years.

Installments are offered to consumers on many goods and services, from automobiles to shoes and clothing. Merchants debit purchasers~ credit cards monthly for payments. 

Brazil is no different from other countries financing its economy by loans and credit. 

^Buying things they don~t need with money they don~t have.^ also applies here.