Total or Partial Loss of Regular Income Has Affected 40 Percent of Brazilians

Declining purchasing power impacts four out of ten people, says the National Confederation of Industry.

RIO DE JANEIRO, BRAZIL - A survey by the National Confederation of Industry (CNI) shows that the loss of purchasing power has affected four out of ten Brazilians since the outbreak of the pandemic.

Of the total number of respondents, 23 percent have lost all their income and 17 percent have seen a reduction in monthly earnings, reaching 40 percent.

Almost half of all workers (48 percent) are very afraid of losing their jobs. Adding the percentage of those who are moderately (19 percent) or slightly (10 percent) afraid, the rate comes to 77 percent of people in the labor market . . .

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