Sunday, December 17, 2017

Brasilian Inequality

Data released December 15th by the Brazilian Institute of Geography and Statistics (IBGE) shows that more than fifty million Brazilians, nearly 25 percent of the population, live below the poverty line, and have family incomes of R$387.07 per month – approximately US$5.50 a day.

 The data revealed that Brazil is a deeply unequal country and that inequality occurs at all levels. For example regarding ethnicity and colour, the research shows that among the people with the ten percent lowest income in the country, 78.5 percent are black or mixed race, while 20.8 percent are white.

If the pace of labor market inclusion continues as it has in the last twenty years, women will only have the same wages as men in the year 2047, and it is only in 2086 that there will be a match between the average income of blacks and whites.

Seventeen million children under the age of fourteen – equivalent to 40.2 percent of the Brazilian population in this age group – live in low-income households. Of this total, 5.8 million live in extreme poverty, characterized when per capita income is less than 25 percent of the minimum wage.

Extreme poverty rose 53 percent in Brazil from 2014 to 2016, the Brazilian Institute of Geography and Statistics (IBGE) reported.

According to IBGE's Synthesis of Social Indicators report, 24.8 million Brazilians, or 12.1 percent of the Brazilian population, lived with a monthly income of no more than one-quarter of the minimum wage, 220 reals or 66.7 U.S. dollars, by the end of 2016, up from 16.2 million in 2014.  Another 36.6 million Brazilians had a monthly income of one quarter to one half of the minimum wage in 2016, which Brazilian authorities classify as "absolute poverty."

Brazil's regional inequalities were evident in poverty figures: out of the 24.8 million people in extreme poverty in 2016, 13.3 million lived in the northeastern region, and 0.9 million lived in the midwestern region.

Oxfam International stated that in Brazil the six largest billionaires have the same wealth and equity as the 100 million poorest Brazilians.

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