Income Gap between Rich and Poor Reaches Record in Brazil

Study shows that inequality increase coincided with decrease in Bolsa Familia support

Oct.17.2019 2:06PM

Fernando Canzian
SÃO PAULO
The average monthly income of the richest 1% of the Brazilian population reached, in 2018, the equivalent of 33.8 times the income of the poorest 50%. At the top, the average yield was R$ 27,744; in the poorest half, R$820.

The difference between the incomes obtained by the richest 1% and the poorest 50% last year is a record in IBGE's historical series of PNADC (National Continuous Household Sample Survey), which began in 2012.

Inequality has increased because the real income of the richest increased more than the poorer half, especially in recent years.

For the research manager, Maria Lúcia Vieira, the increase in inequality reflects the recession in the labor market in recent years, which mainly impacts those who have less formal occupations.

More:
https://www1.folha.uol.com.br/internacional/en/business/2019/10/income-gap-between-rich-and-poor-reaches-record-in-brazil.shtml