By Lucy Jordan, Senior Contributing Reporter
BRASÍLIA, BRAZIL – For the first time, more than half of Brazil’s population is categorized as middle class, according to Voices of the Middle Class, a study undertaken by the Secretaria de Assuntos Estratégicos (Strategic Affairs Secretariat, SAE). The report was released Thursday (September 20th) by The Minister of SAE, Moreira Franco.
The SAE defines those in the middle class as people who live in households with a per capita monthly income of between R$291 (US$145) and R$1,019 (US$500) and have a low probability of becoming poor . . .