Half of Batswana are middle class - AfDB
Friday, May 13, 2011
According to the report, 47 percent of Batswana are considered to be in the middle class, although only 29 percent is in the stable category (non-floating) and are therefore not susceptible to falling back into poverty in the event of exogenous shocks. The study titled; The Middle of the Pyramid: Dynamics of the Middle Class in Africa dissects the African middle class into three categories.
The lowest class (floating class) has per capita consumption levels of between P13.6 and P27.2 ($2 to $4) per day. Individuals at this level are only slightly above the developing world's poverty line of $2 per person per day.According to the report, about 18 percent of Batswana fall into this category, which translates into about 360,000 people.
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