Upper class is most affected by global crisis points FGV
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Agency Brazil
Classes A and B, the highest in the Brazilian social pyramid, lost space in terms of social ascent from the worsening international financial crisis in September last year, falling 0.65% in the period until December.
The finding is of FGV (Fundação Getulio Vargas), announced today that, in Rio de Janeiro, a study on social mobility in the country with the crisis.
"People with higher income are linked to channels of impact of the crisis, as the export sector, financial and real estate. The good news is that these sectors are less important here than in other countries, in terms of employment, indicators of income, "said the economist Marcelo Neri, who coordinated the search" Chronicles of a Crisis Foretold: External Shocks and the New Middle Class. "
In the same period of the previous two years - 2007 and 2006 - the class A and B rose 3% in the pyramid. The author of the study, Marcelo Neri, explained that, as before, for every 100 people who were in classes A and B 20 were falling every year, today, this ratio reaches 25. "This is where the signs of crisis are more visible," noted. Of these 25 people, four fell directly to the class E.
FGV define the criteria of the classes A and B as those with income exceeding U.S. $ 4592 per month. The class C has an income of $ 1,064 to R $ 4,591. The D segment has an income between $ 768 to U.S. $ 1064. Below U.S. $ 768, people covered in class E.
Néri explains that it is likely that people who lost jobs or failed due to the crisis. Néri noted that the fact that the Brazilian economy is relatively closed and regulated to ensure greater protection from external financial shock.
The survey of FGV suggests, however, that the crisis did not affect either the class C, where the movement of ascent was not interrupted. The emerging middle class continues to grow in six major cities of Brazil (Recife, Salvador, Belo Horizonte, Rio de Janeiro, Sao Paulo and Porto Alegre).
The study shows that in December 2008, the middle class (C) increased to represent 53.8% of the population. In the same period of 2007, this percentage was 51.8%.
Classes D and E also continued shrinking compared to previous years, according to FGV. While 6.79% of Class' D 'migrated to higher classes. In class E, the figure reached 8%.
Marcelo Neri stressed the importance of public policies to transfer income and injection of public demand in times like this. He cited as example the Bolsa Familia program, which, he says, serves 25% of the population. In view of the economist, the Plan for Accelerated Growth (PAC) is another important tool in the damping of the crisis in the country's economy, and improve the local logistics.
Néri warned that while the public policies are necessary, they are not sufficient in the long term. "If we spend a lot of resources so wrong in the future when the crisis passes, we are with the hand brake pulled." He argued that create micro instruments, allowances, microsseguros and investment in education for the country and the poorer classes face the future effects of the crisis.
Source: Folha Online
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