A woman holds her malnourished child at a therapeutic feeding center at al-Sabyeen hospital in Sanaa May 28, 2012. REUTERS/Mohamed al-Sayaghi

Reuters Photojournalism

Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.  See more | Photo caption 

A woman walks past silkscreen prints of Britain's Queen Elizabeth by Andy Warhol during a press view at the National Portrait Gallery in London May 16, 2012. REUTERS/Stefan Wermuth (BRITAIN - Tags: ENTERTAINMENT SOCIETY ROYALS)

Long live the Queen

Britain gets ready to celebrate Queen Elizabeth's Diamond Jubilee.  Slideshow 

Photo

The autistic mind

Scenes from a home with two autistic children.  Slideshow 

FACTBOX: Brazil's new middle class

Tue Jul 8, 2008 8:39pm EDT

(Reuters) - A strong economy has lifted millions of Brazilians out of poverty and into a new middle class in the past few years. Following are some facts about the impact on people's incomes and spending.

- In the past two years, more than 23 million people have risen from lower income classes into Class C, defined as households with monthly incomes between 726 and 1,195 reais ($450 and $745) and which now makes up 46 percent of Brazil's population.

- The number of people in the lowest D and E classes fell to 39 percent of the population in 2007 from 51 percent in 2005.

- 10 million people gained Internet access between 2005 and 2007, taking the total with access to nearly 40 million, or 29 percent of the population. Average spending on subscriptions to the Internet and cable/satellite television rose 25 percent from 2006 to 2007.

- The number of credit cards in Brazil rose 91 percent between 2002 and 2006 to 79 million, about one for every 2.3 people. Just over 27 million Brazilians had credit cards in 2006, or 14.6 percent of the population (compared with 41 percent of Americans).

- Car sales soared 28 percent last year.

- Brazil's rapidly growing pet-product market was worth $4.1 billion in 2007, second only to the United States.

- Mortgage lending rose 26.5 percent in the 12 months to May while overall credit amounted to 36.5 percent of gross domestic product. Individual default rates have been relatively stable, reaching 7.27 percent in May of this year compared to 5.95 percent in the same month of 2001.

Sources: 2008 survey by consumer credit firm Cetelem; Itau bank; central bank; Brazilian Petfood Manufacturers Association

(Reporting by Stuart Grudgings and Ana Nicolaci da Costa)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.