Shrinking Indonesian Middle Class: Why Are They Struggling? | Asia's Changing Middle Class | Insight

The growing middle class was once considered the engine of Indonesia’s leap to upper-middle income status. But 2024 revealed a startling statistic – the middle class in the world’s fourth most populous nation is shrinking, even as its economy grows at a healthy 5%. Compared to 2019’s numbers, over...

45 min - Money & Business - CNA Insider

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