Good morning! Today, Brazil’s social ladder is working in the opposite direction. Corruption perception index brings no good news for the country. Far-right ideologue Olavo de Carvalho dies.
Social mobility stalls in Brazil
A new study by consultancy firm Tendências confirms a trend we at The Brazilian Report have flagged for years: Brazilians are losing purchasing power and finding themselves in lower economic classes. The share of households living on a monthly income of no more than BRL 2,800 (USD 510) has increased from 48 to 51 percent since 2012.
Why it matters. Since 2014, Brazil’s social ladder has worked...