Half of Brazilians Are Now Middle Class, But 40% Are Still Very Poor

Family of Brazilians The middle class in Brazil has grown since 2003 when Brazilian President Luiz Inácio Lula da Silva first took office and now represents almost half of the country’s population, according to a report from the Getúlio Vargas foundation released over the weekend.

The close to 91 million Brazilians (49.22% of the total population) who now are part of the middle class, and are known in Brazil as class C, absorb 46% of the country’s national income with average per capita ranging from US$ 586 to US$ 2.530, adds the report published in Sunday’s O Globo edition.

In 2003, according to the report, the Brazilian middle class totaled 64.1 million people equivalent to 37.56% of the total population and had a 37% share of the national income.

However in spite of the impressive social advance, the least favored of the population remains as a majority representing 40% of total population.

The Getúlio Vargas foundation said that 70 million people have incomes below the equivalent of US$ 586 and many of them depend on different government subsidies to guarantee their subsistence.

The inequality is even more evident by comparing income at the cusp of the social pyramid with 19.4 million people (10.42% of the population) which have a 44% share of Brazil’s national income.

Mercopress

Tags:

You May Also Like

Brazil Wants to Create Energy Market Modeled After the EU

Latin America should form a regional market for cheap energy that will boost development ...

Plenty of Dollar and Hefty Surplus Make Brazil Hum Along

According to Brazilian Minister of Finance, Guido Mantega, Brazil has been able to weather ...

For This One-Woman Fashion Powerhouse, Outlook for Luxury Is Gloomy in Brazil

When it comes to style, fashion and etiquette, Glória Kalil is a reference in ...

Brazil Offers Free Morning-After Pills to Deal with 1.4 Million Illegal Abortions

Brazil's Health Minister, José Gomes Temporão, has indicated that the Brazilian government intends to ...

A Brazilian Hammock Maker Just for Gringos

Everything produced by Jobek, a hammock manufacturer from Fortaleza, city in the northeastern Brazilian ...

Carioca by Accident

Brazil’s most respected weekly magazine says that I’m a Carioca. Let me be honest: ...

Boeing 737 crashed in the Brazilian Amazon

Boeing Tragedy: Nobody Wins When US’s Xenophobia Crashes with Brazil’s Lunacy

The tragedy involving the Legacy jet and the Boeing 737 over the Brazilian Amazon ...

US Media Is Brazil’s Business

Why should Brazil care about cartelization and the end of diversity in the U.S. ...

When the People Take Over in Brazil

Avenida Paulista, a three-kilometer long avenue, is regarded as São Paulo’s best-known landmark. Why ...

Brazil Cuts in Half Time to Open a Company. Now Is 20 Days

Brazil has reduced to 20.3 days the time required for establishing companies in the ...