Brazil's Class C Sinks by The Millions and Falls into Poverty
More than 30 million leave classification; outlook for 2021 is more income loss in classes D and E
Apr.26.2021 2:03PM
SÃO PAULO
Brazil's so-called class C is being pushed quickly back to classes D and E. This is the biggest novelty of the Brazilian economic landscape at the beginning of this century.
People in class C find themselves headed to poverty due to the consequences of Covid-19 and the disorganization of the Jair Bolsonaro government's (no party) pandemic mitigation policies.
Research from different agencies reveals not only that tens of millions of Brazilians are going back to more precarious situations since last year but that their lives may continue to get worse in 2021.
While the more privileged classes are beginning to stabilize income or make gains, classes D and E are likely to experience another drop of almost 15% in their income this year.
More:
https://www1.folha.uol.com.br/internacional/en/business/2021/04/brazils-class-c-sinks-by-the-millions-and-falls-into-poverty.shtml?utm_source=newsletter&utm_medium=email&utm_campaign=newsen