Cost of living in Brazil: according to IBGE the poorest half of the Brazilian population lives on R$ 413 a month, which is a little over a 100 dollars

Data published today by the IBGE indicate that 104 million Brazilians, the poorest 50% of the population, "live" with $ 413 per month, something around 100 dollars.

If the cut selects the poorest 30% (60.4 million people), the average monthly income drops to R$ 269, just over 60 dollars per month. Meanwhile, 1% of richer Brazilians have a monthly per capita income of R$ 16,297, or something around four thousand dollars.

IBGE also pointed out that income inequality has reached a record level in Brazil. Over the past few years, the poor have gotten poorer as their incomes fell 3.8% between 2017 and 2018, while the rich got richer as their incomes grew 8.2% over the same period.

Thus, income inequality in the country reached a record level in 2018, within the historical series of the National Continuous Household Sample Survey (Pnad Contínua), initiated in 2012 by IBGE.