'Middle Class' in Indonesia or Partiall…

Indonesia's booming middle class is a hot topic these days. They spend more, earn more and are expected to supersize the economy in the next decade. Yet most who fall into the broad middle class category (MACS: middle class affluent consumers) are literally just a fraction better off than those sitting above the poverty line. Considering that the poverty line is US$1.25 a day, the definition of middle class actually veers from those teetering above poverty to the partially poor.

Read →

Comments on this post are for paying subscribers