By Ntsakisi Maswanganyi –
THERE has been a dramatic expansion in the middle class in SA since 1994, and the largest share of this growth is among black South Africans who changed consumption patterns as they entered the residential property market and spent on durable consumer goods.
But economists and analysts are still debating how exactly to define the “middle class” and how large it is, despite much research into this surge in relative affluence.
According to researchers from Stellenbosch University’s Research on Socio-Economic Policy unit, “middle class” is a term borrowed from developed-country literature to represent the substantial middle layer of society where people are well educated, skilled and earning a good salary.
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