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Middle-class
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mapozi
#61 Posted : Wednesday, August 24, 2011 11:23:43 AM
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Joined: 4/21/2011
Posts: 119
What can you say about someone spending 70,000 pm on all expenses which are not investments i.e. rent, food,entertainment etc?
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Jamani
#62 Posted : Wednesday, August 24, 2011 11:33:28 AM
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Joined: 9/12/2006
Posts: 1,554
mapozi wrote:
What can you say about someone spending 70,000 pm on all expenses which are not investments i.e. rent, food,entertainment etc?


I can say he is living his life
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Barrywhite
#63 Posted : Wednesday, August 24, 2011 11:38:49 AM
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Joined: 12/2/2009
Posts: 286
Location: Nairobi
Honestly, is class defined wholly by where you live; or HOW you live wherever you live? And how much you are prepared incase of life's disasters to move on?
The laudable is more often than not rendered laughable by overclaim
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Jamani
#64 Posted : Wednesday, August 24, 2011 11:53:29 AM
Rank: Elder


Joined: 9/12/2006
Posts: 1,554
Barrywhite wrote:
Honestly, is class defined wholly by where you live; or HOW you live wherever you live? And how much you are prepared incase of life's disasters to move on?


Its all about perception and image, thats the reason people fake it and its about now not the future, if something happens society will just say amesota! Thats how our society looks at it, book and other societies definitions might be different
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Paul_Gitari_Karingithi
#65 Posted : Wednesday, August 24, 2011 12:41:33 PM
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Joined: 8/22/2011
Posts: 3
bwenyenye wrote:
Paul_Gitari_Karingithi wrote:
i feel that being middle class in kenya determined by your lifestyle more that income or where you live. Thats why you find a 45 year old guy with his own company and property all around nai with a 3 car garage living in Buru and a 25 year old earning 30k and living in a 20k sq in kile. the social economic classification of A, B, C1, C2 D & E is flawed as it focuses on income, residential area and only takes into account the bread winners income and not household income.

A better way would be the Living Standard Measure, LSM as we call it that divides the Kenyan population in 17 LSM with 1 being the poorest & LSM 17 being the richest. Middle class from an LSM perspective starts from LSM 7 to around LSM 13 being based on the standard of living.


Please elaborate more on the LSM bundles e.g LSM 1 is this lifestyle, LSM 2 is that life style etc.




that needs me to send you a presentation which explains it in detail. Send me your email address.
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bwenyenye
#66 Posted : Wednesday, August 24, 2011 1:07:53 PM
Rank: Elder


Joined: 5/24/2007
Posts: 1,805
Paul_Gitari_Karingithi wrote:
bwenyenye wrote:
Paul_Gitari_Karingithi wrote:
i feel that being middle class in kenya determined by your lifestyle more that income or where you live. Thats why you find a 45 year old guy with his own company and property all around nai with a 3 car garage living in Buru and a 25 year old earning 30k and living in a 20k sq in kile. the social economic classification of A, B, C1, C2 D & E is flawed as it focuses on income, residential area and only takes into account the bread winners income and not household income.

A better way would be the Living Standard Measure, LSM as we call it that divides the Kenyan population in 17 LSM with 1 being the poorest & LSM 17 being the richest. Middle class from an LSM perspective starts from LSM 7 to around LSM 13 being based on the standard of living.


Please elaborate more on the LSM bundles e.g LSM 1 is this lifestyle, LSM 2 is that life style etc.




that needs me to send you a presentation which explains it in detail. Send me your email address.


tuma hapa.. bwenyenye@gmail.com

Ahsante sana.
I Think Therefore I Am
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eco
#67 Posted : Wednesday, August 24, 2011 1:26:18 PM
Rank: Member


Joined: 6/17/2011
Posts: 229
bwenyenye wrote:
Paul_Gitari_Karingithi wrote:
bwenyenye wrote:
Paul_Gitari_Karingithi wrote:

A better way would be the Living Standard Measure, LSM


Please elaborate more on the LSM bundles e.g LSM 1 is this lifestyle, LSM 2 is that life style etc.




that needs me to send you a presentation which explains it in detail. Send me your email address.


tuma hapa.. bwenyenye@gmail.com

Ahsante sana.


@PGK, Please elighten us. You can upload presentation at SLIDESHARE and share link for many to read. Otherwise pap to funecosystems[at]gmail[dot]com
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iKenya
#68 Posted : Wednesday, August 24, 2011 2:02:14 PM
Rank: Member


Joined: 7/27/2008
Posts: 241
Quick google and...PAP

http://www.tatucity.com/...ViewsDetails.aspx?id=41

"Economic growth builds the ranks of Kenya’s newly rich

28 June 2011
John Gachiri - Business Daily

Economic growth builds the ranks of Kenya’s newly rich

Study shows poorest segment of the population shrank in the past four years as the middle class expanded, adding impetus to consumer market activity

Variation of Living Standards Measure (LSM) in Kenya "
Quote:
Buy when there's blood in the streets, even if the blood is your own...
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mawinder
#69 Posted : Monday, February 16, 2015 9:54:23 AM
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Joined: 4/30/2008
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Ngogoyo
#70 Posted : Monday, February 16, 2015 1:13:24 PM
Rank: Member


Joined: 6/22/2011
Posts: 561
Location: House
[quote=mawinder]More confusion!!!!!!!!!!
http://www.businessdaily...0/-/t1u23q/-/index.html[/quote]

...this guy who has commented could be right. It maybe the case for some Wazuans in the green section

"Nzasi • 4 hours ago

In Kenya we live as "Middle class" for one week after end month then live poor for 3 weeks and the cycle repeats itself every month. At end month, we have breakfast at Java, lunch at KFC and supper at some grill place. After that its "Chai ya mkono moja" (Whistling) for breakfast, airburger for lunch and Ughali sukuma for supper."
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superintendent
#71 Posted : Monday, February 16, 2015 4:58:16 PM
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Joined: 2/11/2015
Posts: 2
“The reason why Kenya was feted with middle income status is because of real estate boom. Nothing is changing for poor people. Whatever society we have today is an illusion unless we invest in children.” Kofi Marfo, Director, Institute of Human Resources Development at Agakhan University.
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earthvoice
#72 Posted : Monday, February 16, 2015 5:17:02 PM
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Joined: 1/29/2011
Posts: 257
"The questionable nature of the Kenya middle class is exemplified by the fact that fast food chains that are fraternised by low-income groups in Europe and North America are the very same found in up-market malls and posh neighbourhoods in Kenya. "
"All intelligent investing is value investing -- acquiring more than you are paying for. You must value the business in order to value the stock." - Charlie Munger.
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Ali Baba
#73 Posted : Monday, February 16, 2015 6:12:12 PM
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Joined: 8/29/2008
Posts: 571
earthvoice wrote:
"The questionable nature of the Kenya middle class is exemplified by the fact that fast food chains that are fraternised by low-income groups in Europe and North America are the very same found in up-market malls and posh neighbourhoods in Kenya. "
Those of us who have lived in north america and europe often wonder why the kenyan middle class,like to eat POOR WHITE MAN'S TRASH...like KFC and SUBWAY.
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Swenani
#74 Posted : Thursday, February 04, 2016 2:43:55 PM
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Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
chalan wrote:
Who belongs to the middle-class in Kenya today? And how much should one be making, per annum, while in the middle-class?



Middle class is not about numbers but how comfortable you are.

You could be earning 1 million yet struggling to meet you basic needs and some luxuries while a person earning 60K meets all their basic needs and luxuries as well as managing to save

Poor-If you are struggling to meet you needs
Middle class-You're comfortable in your life
Rich-You are wealthy, your assets are working for you
If Obiero did it, Who Am I?
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