Brazilian middle class ‘shrinks’ in pandemic

The coronavirus pandemic has not only increased the number of Brazilians living in extreme poverty but has also reduced the middle class to its lowest level in more than 10 years in relation to the total population. the percentage of the Brazilian population belonging to the so-called traditional middle class fell from 51% in 2020 to 47% in 2021 – the same ‘size’ as the lower class. The highest mark, according to Locomotiva, was registered in 2011, when the middle class was 54% of the Brazilian population.

Source: G1 Economia