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Brazil Thickens the Ranks of Its Middle Class by 40 Million in Less than a Decade

São Paulo subway 39.5 million Brazilians became part of the middle class between 2003 and May 2011, according to a report from the Getúlio Vargas Foundation, FGV, which underlined inclusion and inequality reduction as the main forces behind this fact.

“The years 2010 and 2011 have been exceptional,” since ten million people have been incorporated to the C bracket of society said Professor Marcelo Neri.

“Economic growth and inequality reduction” have been the main reasons for low income people to abandon poverty supported by an improvement in health and education.

“Inequality in Brazil is falling significantly and fast,” said Neri showing that the Gini inequality index dropped 1.1% between 2000 and 2007.

At the same time the new members of the low middle class, besides consuming new foods and textiles are also involved in purchasing other items such as fuel, telecommunications and computers, emphasized Professor Neri.

According to the FGV report, currently 105 million Brazilians belong to the middle class C with a family income in the range of US$ 750 to US$ 3.229 per month.

However another 63.6 million are still in poverty brackets D and E while 22.5 million are described as belonging to the population segments with the highest purchasing power (A and B).

Between 2003 and 2010, former president Luiz Inácio Lula da Silva implemented social policies that helped 28 million Brazilians out of poverty and indigence.

This month President Dilma Rousseff launched her program “Brazil without misery” which is basically a continuation of the plans launched by Lula and with which she pretends to end the extreme poverty in which 16 million Brazilians live.

Mercopress

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  • Show Comments (5)

  • Anderson Vieira Cuiaba

    Racist*
    easy*

  • Anderson Vieira Cuiaba

    Lula doesnt have anything to do with the growth as he has to corruption.

    Anyways, Us Observer you are a recist jerk, not all brazilians are like that.

    Brazilians living in america are the same as you irish, italian etc… also living in america. A country is made of migrants and imigrants.

    Lula helps the poor but at the same time he unhelps them, because giving easey money and no education acctually closes any (legal) chance of this person becoming rich sometime in the future, which is the persuit of happiness of every citizen.

  • Tommy

    Brazil and foreign investment
    The Brazilian middle classes really are motoring at the moment and predicted to continue in the coming five years by another twenty million. Although the brazilian goverment will have to continue its good work to house all these people. With this backdrop brazilian real estate it’s always going to be popular with foreign investors. High demand and low supply is an obvious profit to anybody!!

  • BigJonas

    “english classic”
    Imbecile, fake American, haven’t you got anything better to do with your time.
    I bet you are not American, you are behaving exactly like you say the Brazilians behave.
    Are you a Brazilian?

  • us observer

    don,t be jealous now ..
    how is this brazil ..why is this suspect ….nothing in your economy indicates much improvement other then that you have remmitances from brazilian nationals in other far more wealthy first world nations sending their underground non-income taxed dollars to brazil but whether that would fuel any real movement in economic activity then i highly dought it ….the illegal remittances are down and pretty much coming to a trickle as us immigration laws are going to be enforced more and more . britain would prefer their illegal brazilians would samba down to the tarmac and grab a one way to brazil.. ..why think about it i mean its not much fun talking to a brazilian green horn in sign language cuz he doesn,t know any english..plus the bastardized version of portuguese brazilians garble sounds shrill and sing songy certainly not refined like spanish or french or english classic.. is it true that arse implants and boob jobs are common in brazil or is it argentina..

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