End of Emergency Aid Will Lead 1/3 of Brazilians in Poverty

[Judi Lynn]

In an optimistic scenario, the equivalent of half of Venezuela will live on less than R$ 522.50 per month

Oct.9.2020 2:06PM

Fernando Canzian
SÃO PAULO

In a scenario considered optimistic, Brazil will increase the total number of people considered poor by about 16 million when the emergency aid paid to the most vulnerable ends, at the end of 2020.

Equivalent to half the Venezuela population, this contingent of “new poor” will expand to almost a third the Brazilians who will live on less than R$ 522.50 a month, on average. The amount represents less than half a minimum wage and about $ 3 a day.

During the coronavirus pandemic, the payment of emergency aid to more than 65 million Brazilians has unprecedentedly and abruptly reduced poverty in the country, bringing it to its lowest level.

The end of the benefit will have the opposite effect - and quickly. The interruption of payments will increase the total number of poor from 23.6% (50.1 million people) to around 31% (66.2 million).

More:
https://www1.folha.uol.com.br/internacional/en/business/2020/10/end-of-emergency-aid-will-lead-13-of-brazilians-in-poverty.shtml?utm_source=newsletter&utm_medium=email&utm_campaign=newsen

[sandensea]

1. Brazil had made so much progress under Lula & Dilma: Poverty (standardized) fell from 70% to 45%.

in other words: about as much as it had fallen in the previous 100 years.

But Trump and Bibi felt they needed a fascist in Brasilia, so here we are.

Thank you, Judi, for this timely reminder of how all this is affecting people - as well as negligent policy in some cases.

[Judi Lynn]

2. Thank you for providing the helpful graph, real food for thought.

Bibi and his idiot friend surely got their wish, didn't they?

Three tyrants.