Income Gap in Brazil Hits its Highest Recorded Level

Research shows that people who earn less suffer more from recession than those with higher incomes.

By Arkady Petrov

RIO DE JANEIRO, BRAZIL - Income disparity among Brazilians reached the highest level ever recorded in the first quarter of 2019.

According to a study by the Brazilian Institute of Economics of the Getulio Vargas Foundation (FGV/IBRE), the index measuring inequality has been rising continually since 2015, and reached its peak in March, its highest level since the beginning of the index record-keeping in 2012.

The Gini index monitors income inequality on a scale of 0 to 1 - and the closer to 1, the higher the difference. Brazil's stood at 0.627 in March.

The . . .

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