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Middle-class
eco
#46 Posted : Tuesday, August 23, 2011 10:50:36 AM
Rank: Member

Joined: 6/17/2011
Posts: 229
KenyanLyrics wrote:
I've seen people living in Kile and Upper Hill on salaries of just slightly above 100k per month.


Then, what and how do they save? It is foolish to live beyond your means, even if it for free!

Jamani
#47 Posted : Tuesday, August 23, 2011 11:27:00 AM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
eco wrote:
KenyanLyrics wrote:
I've seen people living in Kile and Upper Hill on salaries of just slightly above 100k per month.


Then, what and how do they save? It is foolish to live beyond your means, even if it for free!



Well these could be the some of the guys that PLO is looking for
Paul_Gitari_Karingithi
#48 Posted : Tuesday, August 23, 2011 12:55:56 PM
Rank: Hello

Joined: 8/22/2011
Posts: 3
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.
Toxicity
#49 Posted : Tuesday, August 23, 2011 1:08:35 PM
Rank: Member

Joined: 1/15/2010
Posts: 458
I think it is how u spend ur income.....the middle class buy liabilities thinking they are buying investments.......
update president set president = speaker where president is null
bwenyenye
#50 Posted : Tuesday, August 23, 2011 1:25:44 PM
Rank: Elder

Joined: 5/24/2007
Posts: 1,805
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.
I Think Therefore I Am
african coloner
#51 Posted : Tuesday, August 23, 2011 1:36:21 PM
Rank: Member

Joined: 10/8/2010
Posts: 446
Location: london
KenyanLyrics wrote:
I've seen people living in Kile and Upper Hill on salaries of just slightly above 100k per month.


i am heading to narok to be a gold digger, where else can you earn more than 100k a month?
Impunity
#52 Posted : Tuesday, August 23, 2011 2:03:22 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
I know of a wazuan who drives an NZE and lives in Highrise/or somewhere in West and makes so much noise that "we the middle class will bla bla bla..."
Ha ha ha haaaa...
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

RedStar
#53 Posted : Tuesday, August 23, 2011 2:41:46 PM
Rank: New-farer

Joined: 6/2/2011
Posts: 42
Location: Kwa Nyumba
Laughing out loudly trule @ impunity?? Laughing out loudly
'Hope' is not a strategy. Take Action!
sparkly
#54 Posted : Tuesday, August 23, 2011 2:46:39 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
You want to know who is a member of the middle class? Are you a member of wazua... look at yourself,you are middle class!
Life is short. Live passionately.
Jamani
#55 Posted : Tuesday, August 23, 2011 2:53:36 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
sparkly wrote:
You want to know who is a member of the middle class? Are you a member of wazua... look at yourself,you are middle class!


By just being a member of wazua? class is raised or lowered?
jaykay
#56 Posted : Tuesday, August 23, 2011 10:44:33 PM
Rank: Member

Joined: 4/6/2009
Posts: 78
Why this obsession with class? A subconcious hangover from the british?
KenyanLyrics
#57 Posted : Tuesday, August 23, 2011 11:25:31 PM
Rank: Veteran

Joined: 4/16/2010
Posts: 906
Location: Nairobi
eco wrote:
KenyanLyrics wrote:
I've seen people living in Kile and Upper Hill on salaries of just slightly above 100k per month.


Then, what and how do they save? It is foolish to live beyond your means, even if it for free!


That's the thing, just because you see people living large doesn't mean they are making sound financial decisions. There was someone who posted right here on Wazua some time back how they were scouting for a house that would see them spend around 50% income on rent.
TPK
#58 Posted : Wednesday, August 24, 2011 8:08:58 AM
Rank: Member

Joined: 6/17/2011
Posts: 129
Location: Nairobi
jaykay wrote:
Why this obsession with class? A subconcious hangover from the british?


Middle class in Kenya = “struggling to keep heads above water” class d'oh!
As long as you're going to be thinking anyway, think big
bird_man
#59 Posted : Wednesday, August 24, 2011 8:45:40 AM
Rank: Veteran

Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
Does it really matter what "class" one belongs to?
Formally employed people often live their employers' dream & forget about their own.
Jamani
#60 Posted : Wednesday, August 24, 2011 9:03:50 AM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
bird_man wrote:
Does it really matter what "class" one belongs to?


unfortunately it does
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