FT / Blog / J. Leahy
In the last decade, Brasil has lifted millions out of poverty.
But that success is really a tale of two middle classes.
The 20m members of the traditional middle class are now being squeezed by high prices of meat and gas...and soaring property costs.
Even as the 33m members of the "new middle class" enjoy real prosperity for the first time... in an historic re-balancing of wealth.
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