Brazil: People’s income with higher salaries fell 16% during pandemic

The survey showed that since the pandemic, the average labor income of the wealthiest 1% group in Brazil fell 16.4% in real terms.

RIO DE JANEIRO, BRAZIL - The pocket of Brazilian workers with higher salaries was affected by the crisis triggered by covid-19 and the skyrocketing inflation.

A Folha de S.Paulo survey based on microdata from the Continuous National Household Sample Survey (Pnad Contínua), conducted by the Brazilian Institute of Geography and Statistics . . .

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