Income Of Middle Class In Pakistan

Unlike the more common practice of using income and the standard of living to define a social class credit suisse used the measure of personal wealth band to determine the middle class.

Income of middle class in pakistan. Pakistan maps out startup ambitions as middle class booms. Less than 16 of middle class people pay income tax. In its global wealth report 2015 credit suisse said pakistan had the 18th largest middle class 6 27 million people in the world. Z13 r20 a14 keywords.

The middle class in pakistan can loosely be defined as the section of society that comprises households with a minimum monthly income of rs50 000. This is an important aspect to consider since middle class in some countries like us is highly indebted which in turn restricts their future consumption possibilities. The median represents the middle salary value. The classification tables include all world bank members plus all other economies with populations of more than 30 000.

Currently middle class aspirations seem unable to transcend their own myopic group interests which are based on patronage economic and. A household on average consists of six members. The term country used interchangeably with economy does not imply political independence but refers to. The country and lending groups page provides a complete list of economies classified by income region and lending status and links to previous years classifications.

Generally speaking you would want to be on the right side of the graph with the group earning more than the median salary. The median salary is 76 900 pkr per month which means that half 50 of the population are earning less than 76 900 pkr while the other half are earning more than 76 900 pkr. Pakistan middle class multidimensional introduction middle class is one of the most commonly used terms in social sciences. The proposed measure of the middle class has a sense of stability attached to it making it less susceptible to sudden inflationary shocks than an income based measure.