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 Brazil's new middle class faces plunge back to poverty

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RR Phantom

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Brazil's new middle class faces plunge back to poverty Vide
PostSubject: Brazil's new middle class faces plunge back to poverty   Brazil's new middle class faces plunge back to poverty Icon_minitimeMon Nov 23, 2015 1:54 am
Brazilian Monica de Oliveira thought she'd forever left behind those days of worrying about getting her daughter new clothes.

Brazil's new middle class faces plunge back to poverty 5543ca919cb883f787885e484d1beb7a16f0527c_original

As part of a wave of poor Brazilians to enter a basic sort of middle class in recent years, de Oliveira was a Latin American success story. But for how much longer?

Biting recession in the world's seventh biggest economy is starting to undermine the country's widely lauded progress in dragging some 40 million people out of poverty, starting in 2003.

De Oliveira knows what it's like to be one of them and now she's afraid her family is sliding back. She and her husband had a combined monthly salary of about $500 working as security guards in Caieiras, near Sao Paulo, and both have been laid off.

https://au.finance.yahoo.com/news/brazils-middle-class-faces-plunge-205325758.html
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