Brazil’s ‘new middle class’ struggles as economy plunges

Asher Levine – Reuters, 10/12/2015

Until recently, Lucinelia de Jesus Souza’s future seemed bright, running a small coffee shop that caters to factory workers and other blue-collar customers in this industrial suburb of São Paulo.

But the faded pink counters of her shoebox-sized business, which opened a decade ago and blossomed as Brazil’s economy grew quickly, now see fewer customers stopping in for coffee or deep-fried pastries.

Her income has fallen by half since 2012, forcing the 43-year-old to cut the sort of spending that once heralded an emerging new consumer class in Latin America’s biggest country.

Read more…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s