40 million brazilians climbed to middle class in last eight years

“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 to 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.

Source: MercoPress