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Narrowing income inequality in Brazil
friday 20 June 2014
Picture from match between Brazil and Chile
While income inequality worsened in many developed countries, over the past decade Brazil is one country that has managed to close the gap. While Brazilians are among the first to admit that there is still much work to be done, the country has been showing one possible way ahead. Paulo Cabral reports for CCTV America from Brazil.
There’s a big distance between those at top of the income pyramid and those at the bottom in Brazilian society, but over the last decade the gap has been narrowed considerably.A combination of low unemployment, rising salaries and government financial aid for the nation’s poorest citizens has helped many Brazilians reach the next rung on the country’s social ladder.
Source: CCTV America