Emerging Middle Class

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 Emerging Middle Class

A daily income of $10-$100 may not sound particularly middle class by western standards, but calculated at purchasing power parity, which takes account of the fact that goods are much cheaper in poorer countries, it represents considerable spending power. In this income bracket, people have money to spend not only on the bare necessities but also discretionary goods and services: fridges, TVs and satellite dishes, more meat and dairy, education, eating out, and perhaps a scooter or car.

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