Through shedding light on traditional Pentecostalism in Brazil this article reveals how middle-class people in São Paulo, Brazil, manage disappointment relating to current socio-economic conditions. Ethnographic research on Brazil's oldest Pentecostal church, which preserves an anachronistic style of practice, shows how people embrace a marginal identity and thereby critique social conditions in the country. In stark contrast to newer forms of Pentecostalism, people featured in this paper respond to an ‘anti-prosperity gospel’, in which failures and setbacks are construed as signs of spiritual purity and development. In a country where a ‘new middle class’ is supposedly finding prosperity, this study shows a religiously-oriented way in which people confront the disappointing gap between the promises of neoliberalism and the realities of jobless growth.