A study by NGO Oxfam Brasil claims that the pandemic has not disturbed the wealth of Brazil’s billionaires. In fact, the 42 individuals who make up the top 0.00002 percent of the country actually improved their net worth by a combined USD 34 billion. Meanwhile, the rest of Brazil is heading into a lost decade in the economy, meaning that an entire generation of Brazilians will never reach their potential peak, as we at The Brazilian Report have shown.
But with new data being collected, analyzed, and used as the base for scientific studies, Brazilians are getting an even more comprehensive view of this crisis. A recent paper by researchers from the University of São Paulo and the Institute for Applied Economic Research (Ipea) has disclosed the story of Brazilian inequality and poverty between 2012 and 2019. And the outcomes found by Rogério Barbosa, Pedro Ferreira de Souza, and Serguei Soares corroborate the lost decade hypothesis.