A recent survey by Quaest indicates that a majority of Brazilians feel their income has not kept pace with the rising cost of living, with only a small percentage reporting improved financial conditions.
A survey conducted by Quaest from February 5 to 9 revealed that most Brazilians believe their income has not kept up with the increasing cost of living. Specifically, 55% of respondents stated they can no longer purchase what they could before due to affordability issues. In contrast, only 31% feel their income is keeping pace with rising prices, while a mere 12% claim their earnings have exceeded inflation, allowing them to improve their living standards.
Political scientist Felipe Nunes, a co-founder of Quaest, points out that these perceptions help explain the challenges faced by President Lula's administration in translating positive economic indicators, such as GDP growth and employment rates, into increased popularity. The survey underscores a disconnect between government reports of economic recovery and the lived reality of many Brazilians who are experiencing financial difficulties.
The sentiment that income is not meeting expenses is prevalent across all income brackets, with 57% of those earning up to two minimum wages expressing this concern. This widespread feeling of economic strain highlights the challenges the government faces in addressing the needs of its citizens while trying to convey a narrative of economic success. The survey thus reveals a critical understanding of the socio-economic climate in Brazil today, where optimism from overall growth does not reflect the struggles of ordinary households.
