Caixin OnlineOpinionCommentaries What Does 'Middle Class' Mean Anyway?
09.28.2012 19:54

What Does 'Middle Class' Mean Anyway?

The definition of the much-used term is vague, especially in developing nations, but it has important ramifications for personal investment
By Betty Ng

We often hear about the rise of the middle class in Asia, and in particular in the fast-developing countries such as China and India. However, what exactly is the "middle class?"

The term is widely cited around the world, applied without hesitation by all sorts of people. Nevertheless, it means different things to different people in different places.

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