Sports betting strains family budgets in classes D and E
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Spending on online sports betting is impacting the consumption of goods and services, particularly among lower-income socio-economic classes. This trend is also affecting perceptions of economic improvement in Brazil, such as rising incomes, job growth, and inflation control.This assessment was carried out by PwC Strategy& do Brasil Consultoria Empresarial Ltda, a branch of the global auditing and advisory firm PricewaterhouseCoopers. According to economist and lawyer Gerson Charchat, partner and leader at Strategy& do Brasil, spending on sports betting "is already surpassing other types of discretionary spending, such as leisure, culture, and personal products, and is even beginning to impact the food budget. This diversion of reso...