Middle-class connotes a signified secure and aspirational lifestyle. Uganda’s middle-class comprises of people whose per capita daily consumption expenditure is between $2-$20 (Shs 7,300–Shs 73,000) in purchasing power parity (PPP) terms.
The brief breaks down the middle-class into three categories. First is the Floating Middle-Class (FMC), these are between the poor and the lower-middle-class.
“This class is vulnerable and highly unstable and can quickly descend into poverty in the event of economic and other shocks. The per capita consumption level for FMC is $2-$4 (Shs 7,300 – Shs 14,600) per day - just above the developing world’s poverty threshold of $2 (Shs 7,300) per day.”