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Middle-class
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superintendent
#71 Posted : Monday, February 16, 2015 4:58:16 PM
Rank: Hello

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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  | | Edit by user: Monday, February 16, 2015 5:00 PM | Reason: Not specified
earthvoice
#72 Posted : Monday, February 16, 2015 5:17:02 PM
Rank: Member

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
Rank: Member

Joined: 8/29/2008
Posts: 573
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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  | | Edit by user: Thursday, February 04, 2016 2:45 PM | Reason: Not specified
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