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Income ratios include the pre-tax national income share held by the top 10% of the population and the ratio of the upper bound value of the ninth decile (i.e., the 10% of people with the highest income) to that of the upper bound value of the first decile (the ratio of the average income of the richest 10% to the poorest 10%).
The country's richest 1% of the population (less than 2 million Brazilians) have 13% of all household income, a similar economic result to that of the poorest 50% (about 80 million Brazilians). This inequality results in poverty levels that are inconsistent with an economy the size of that of Brazil. [1] The country's GDP growth in 2010 was 7.5 ...
Brazil ranks 49.3 in the Gini coefficient index, with the richest 10% of Brazilians earning 43% of the nation's income, the poorest 34% earn less than 1.2%. [1] According to PNUD, in 1991, 99.2% of the municipalities had a low/very low HDI; but this number has fallen to 25.2% in 2010.
Income disparity is a major source of social inequality in Brazil. In 2001, Brazil had a relatively high Gini coefficient of 0.59 for income disparity, meaning that the disparity between the incomes of any two randomly selected Brazilians was nearly 1.2 times the average.
Slums on the outskirts of a wealthy urban area in São Paulo, Brazil, are an example of inequality common in Latin America. Wealth inequality in Latin America and the Caribbean refers to economic discrepancies among people of the region. A report release in 2013 by the UN Department of Economic and Social Affairs entitled Inequality
Citing a myriad of causes -- from cheap credit to exploitative bank practices-- they've noted that the average family puts away less than 4 percent of its income. "Wealth Inequality in America," a ...
Gini: Higher Gini coefficients signify greater inequality in wealth distribution. A Gini coefficient of 0 reflects perfect wealth equality, where all wealth values are the same, while a Gini coefficient of 1 (or 100%) reflects maximal wealth inequality, a situation where a single individual has all the wealth while all others have none.
The funding has so far been based entirely on private donations. In June 2011, 83 people in the village got 30 Brazilian reals per person and month. [23] The organization hopes that all people in the village will eventually get the basic income, and also that similar projects will get going in other villages in and outside Brazil.