Brasília – Presidente do Instituto de
Pesquisa Econômica Aplicada (Ipea), Márcio Pochmann.
10% of the richest people in Brazil have 75% of the wealth
The Instituto de Pesquisa Econômica Aplicada (IPEA) of the Brazilian Government in a recent study stated that in São Paulo the wealthiest 10% had 73.4% of while in Rio they retained 62.9% and Salvador 67%.
Near the end of the 1800s, the richest 10% in Rio had 68% of the wealth. Not much progress.
IPEA attributes the primary cause for the poor wealth distribution to an outdated tax system that taxes the least wealthy up to 44% more than the most affluent.
So despite Brazil’s booming economy, there is still much to be done to improve the lot of the less fortunate.
Human Development Index:
This index gives a broader view of the quality of life issues in the listed countries. Brazil is ranked after Russia and before Romania. Be sure to click on BRAZIL to get specific data.
LINKS:
> Distribution of Wealth – Wikipedia
> Human Development Index – Wikipedia
Hi there,
I’m a former inner-city teacher who now lives in Brazil, too. After reading your blog, I’d like to know – what is your interpretation of these numbers? compared to the world? to the US?
Cheers,
Nika.
Hi Nika,
Good question. I don’t have any stats on other countries. Will look into that and see if I can’t expand on this thread.
In theory, 1st world countries should have more wealth in the hands of more people, but I wonder.
ExpatBrazil
According to 2005 stats, in Canada the top 20% of the population hold 69.2% of the wealth and in the USA the top 20% hold 84.7% of the wealth.