Average Brazilian income is the lowest in 10 years

Inflation, change, and deterioration in the labor market, new professions for the digital age, and the pandemic are the main causes of this development.

RIO DE JANEIRO, BRAZIL - The average income of Brazilians is the lowest in 10 years and stands at R$2,548. In 2012, the average wage was R$2,581 (US$508). With inflation at 12% in the last 12 months and an interest rate of 12.75% (which is expected to rise further), further loss of purchasing power is expected.

There are a few explanations for the drop in income. One is high inflation at a time of economic loss due to the pandemic. While prices are rising, there is no parallel to a rise in salaries.

Another reason . . .

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