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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 409.23-1.0%Jan 7 4:00 PM EST
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To: Siddhartha Gautama who wrote (37993)8/6/2008 9:01:23 AM
From: elmatador   of 219096
 
Troop deployment? Brazil of course! In just 4 years: Brazilian boom lifting millions out of poverty: study

A study is suggesting the economic boom in Brazil has lifted millions of people out of poverty.

In 2004, one year into President Luis Inacio Lula da Silva's presidency, 46 per cent of the Brazilian population lived in poverty, but now official statistics say that is down to 32.5 per cent.

Now more than half of Brazil's 190 million people live in middle-class families defined by having monthly revenues of between $750 and $3,200.

This is the first time the country has had more middle-class than poor people.

The most recent official figures in neighbouring Argentina, from 2003, reported poverty affected almost 55 per cent of the population.
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