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.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
Sign up to receive our free daily newsletter