X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
What Does It Mean To Be 'Middle-Class'? - Views on News from Equitymaster
  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  
The Equitymaster Research Digest

What Does It Mean To Be 'Middle-Class'?
Feb 28, 2017

I thought I knew what middle class meant.

I took it to mean most of working India - not people working as domestic help, or in the informal sector - but just about everyone else: salaried professionals, businessman, and now entrepreneurs.

And had you asked me how many Indians made up the middle class, I'd have guessed it was at least 50%. And I would have guessed it was an 'income-related' categorisation.

But then I read some research that said about 50% of Indians self-classify as middle class no matter what income category they fall in.

From the lowest income group to the highest - half the Indians think of themselves as 'middle class'. Or from a 'middle class family'.

So I wrote to ask readers if they thought they were in the middle-class - and how they defined middle class.

As you can imagine - because there is no clear definition or income bracket to support this definition - I received an array of responses.

There was the usual set of 'roti, kapda, makan' responses:

Like Anil K who said: Enough to eat, a decent shelter and no shortage of clothes.

To a set of responses about spending:

Such as NK Patet's straight answer: Anybody who has to think twice about cost before buying his favourite shoe is middle class.

But as I read the over 30 answers I got, here's what really struck me.

Most of the answers revolve around 'worries.'

Here are some worries readers brought up that characterise the middle class...

To Read the Full Story, Subscribe or Sign In


Become A Smarter Investor In
Just 5 Minutes

Multibagger Stocks Guide 2017
Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

MARKET STATS