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Thread: What is the definition of “middle class”?
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[quote=CHERRY07,516262]Forbes defines people who meet the following requirements as “middle class” in China. 1.Living in the city 2.Age between 25 and 45 3.Bachelor degree at least 4.Professionals 5.Annual income between 10000 and 60000 USD How many Chinese people have met the requirements? 0.3 billion in 2010 according to the statistics. In fact, many Chinese people who belong to the middle class according to Forbes don’t they really belong to middle class. 10000 USD equals around 60000 RMB, which means middle class people earn 5000 RMB per month. The statistics shows that the average housing price in Beijing already exceeded 20000 RMB per square meter in 2012. It’s a daydream for middle class people to buy an apartment in Beijing. How many people can earn 60000 USD per year? I didn’t find specific data. If people who earn around 5000USD per month don’t buy apartments, they belong to middle class. If they buy an apartment, a car and have a baby, they are just ordinary people. How do you define middle class? Are there any common standards for middle class in your country? [/quote]
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