Daily Archives: July 22, 2011

Brazil’s Tale of Two Middle Classes

Remember the phrase:  A rising tide lifts all boats.  Well, if your boat is leaking water and full of holes to begin with, a rising tide might just sink you.  For example, like other members of Brazil’s so-called “traditional” middle class, things have become harder for Ms. Beeby in recent years. The prices of meat and petrol have doubled, highway tolls have risen and eating out or buying property have become prohibitively expensive.  These are the consequences of a booming economy on those not prepared for the reality of the country’s new found wealth.

 

Read Joe Leahy’s Financial Times article here:

http://on.ft.com/nkz2Hi

 

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