Brazil Richest Capture Record Income Share
Tax data shows Brazils wealthiest captured a record share of national income under President Lula da Silva. High interest rates fueled a financial income boom that disproportionately benefited the ultra-rich.
The richest 0.1% of households in Brazil captured a record 13.1% share of national income in 2024, tax data show. The concentration rose from 10.2% in 2020 despite government efforts to alleviate poverty. High benchmark interest rates fueled a fixed-income boom that disproportionately benefited wealthy asset holders.
