Economics
Brazilians Grow Unhappy and Angry as Inequality Hits Record
- Gini Index shows gap between rich, poor at widest since 2012
- Study on happiness sees workers not just poorer but sadder
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Brazilians haven’t felt so bad in 15 years as social inequality hits record levels, with the pandemic hurting the job market and causing a large income drop for the poorest.
Brazilians’ average income per capita fell to 995 reais ($195) in the first quarter, the lowest in a decade and 11.3% less than the same period in 2020, according to research released by the Fundacao Getulio Vargas business school, or FGV, on Monday. It was a sudden drop: average income was the highest since 2012 just before the pandemic hit early last year.