Stable middle-class in SA may be smaller than thought, study shows

Until recently, SA’s emerging black middle class was hailed as the sign of a new, deracialised postapartheid economy. But research shows the stable middle class may be much smaller than previously thought.

Statistics SA has found that 55% of South Africans are poor, unable to meet their most basic needs. This means only about 45% of the population are not poor. Not being poor is an inadequate indication that the same will be true in the near future. Many people who are not poor are in precarious economic situations. Our research shows almost one in two South Africans who are not poor are at risk to falling into poverty….more

Advertisements

Leave a Comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s