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South Africa's shrinking middleclass is in deep, deep trouble

Lester Kiewit interviewed Sebastian Alexander of National Debt Advisors.

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PICS: COVID BROUGHT US POVERTY!

PICS: COVID BROUGHT US POVERTY!
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South Africa's Middle-Class Is Disappearing - American Renaissance


South Africa’s Middle-Class Is Disappearing
Business Tech, July 30, 2021
Less than a third of middle-class South Africans (30%) are positive about the future of South Africa, while 27% say that they are likely to emigrate within the next five years.
These are some of the major findings in the latest BrandMapp survey – a dataset that uses a mega-sample of more than 30,000 South African respondents to profile the 12 million adults who live in mid-to top-income households earning in excess of R10,000 per month.
While the findings should be understood in the context of the Covid-19 pandemic, it is the latest dataset that points to a shrinking middle-class in South Africa as a stagnating economy and multiple lockdowns take thier toll.

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