Tag Archives: nouveaux riches

A country of “Nouveaux Riches” .. yet Brazil is 3rd income inequality

Luxury items? Doing fine thank you. A recent survey by consulting firm PonteEstratégia revealed that middle class Brazilians(earning R$1,500-R$5,000 per month) spend 30% to 60% of their income on luxury items. On the same note, GFK institute and MCF consultancy announced … Continue reading

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