What percentage of Cambodia is middle-class now?

taabarang · Post by **taabarang** » Thu Feb 23, 2017 8:27 am

"I think the difference between, what looks to the casual observer as being, middle class and pretty much poverty is a very fine line. I would imagine all it would take were loss of employment, a serious illness etc within the family, to pretty much destroy all that they feel they have accomplished. The banks would also foreclose on their land when this happened..."

All that is much more insightful Juan.

John Bingham · Post by **John Bingham** » Thu Feb 23, 2017 9:03 am

juansweetpotato wrote: ↑Thu Feb 23, 2017 8:11 am

I think you are right in presuming it is not even close to 25% yet - judging on the stats from the Cambodia's Curse book.

I'd agree that it's probably much less, living in the capital can easily give a false impression. However I wouldn't rely on any stats from book, it was published in 2011 and has a unbelievable number of errors.

hanno · Post by **hanno** » Thu Feb 23, 2017 9:06 am

I would imagine all it would take were a loss of employment, serious illness etc within the family, to pretty much destroy all that they feel they have accomplished.

This applies to many a foreigner, too.

juansweetpotato · Post by **juansweetpotato** » Thu Feb 23, 2017 9:23 am

John Bingham wrote: ↑Thu Feb 23, 2017 9:03 am
juansweetpotato wrote: ↑Thu Feb 23, 2017 8:11 am

I think you are right in presuming it is not even close to 25% yet - judging on the stats from the Cambodia's Curse book.
I'd agree that it's probably much less, living in the capital can easily give a false impression. However I wouldn't rely on any stats from book, it was published in 2011 and has a unbelievable number of errors.

God, doesn't time fly. Yeah, I guess I was also basing it on many other sources I've read over more recent years as well. I think most of the stats in that book are accurate though?

taabarang · Post by **taabarang** » Thu Feb 23, 2017 9:29 am

Here's what the World Bank had to say about the economic situation last year. Please note that no figures are given separately for urban and rural incomes.

http://m.phnompenhpost.com/business/cam ... dle-income

It's interesting to note their classifications of middle class.

"As per the World Bank’s criteria, low-income economies are defined as those with a GNI per capita of less than $1,025 in 2016, lower-middle-income countries are those between $1,026 and $4,035, and upper-middle-income economies are in the range of $4,037 to $12,745. High-income countries are defined as those with a GNI per capita above that level."

In short my meager Social Security checks which support a family of four in Cambodia would not support us living on the street in The States. Hey Rump let's make Merica great again. Lower the cost of living!!!

juansweetpotato · Post by **juansweetpotato** » Thu Feb 23, 2017 9:48 am

This site has a few case studies of Cambodian families. mainly living in the Phnom Penh area.
http://www.gapminder.org/dollar-street/ ... iveHouse=1

EG

Thor family
Monthly income $295
The Thor family lives in the Phnom Penh region of Cambodia. Soth is a 68-year-old farmer who lives with his 58-year-old wife, 7 children, and 3 grandchildren. All the children above 18 years of age have skilled manual labor jobs. Together the family works 384 hours/week and earns around 2 million Cambodian Riels per month, which is approximately 295 USD/month (adjusted to purchasing power parity). The family lives in a one-bedroom house. They own the house and have been living here for the past 7 years. The house has electricity supply which goes out for an hour once every week. The toilet facility is outside of the home, but is not shared with any other household. The Thor family produces 50% of their own food; the rest is purchased from the market. They have access to drinking water within the premises of their house. For the kitchen, they use firewood to burn in the stove. Firewood collection takes 4 hours every week and is the activity of the male members of the family. The family isn't saving any money. The next thing they plan on buying is supplies to open a small shop. They dream that one day they might be able to buy a car.

bolueeleh · Post by **bolueeleh** » Thu Feb 23, 2017 11:14 am

MFIs and banks recording explosive growth, rising middle class, anybody sees the correlation? :stir:

taabarang · Post by **taabarang** » Thu Feb 23, 2017 11:19 am

"MFIs and banks recording explosive growth, rising middle class, anybody sees the correlation?

Nobody in my village. Most have lost land to MFIs.

bolueeleh · Post by **bolueeleh** » Thu Feb 23, 2017 11:30 am

taabarang wrote: ↑Thu Feb 23, 2017 11:19 am "MFIs and banks recording explosive growth, rising middle class, anybody sees the correlation?

Nobody in my village. Most have lost land to MFIs.

precisely, these so called new middle class are not sustainable

taabarang · Post by **taabarang** » Thu Feb 23, 2017 11:34 am

Institutionalized usury. Prateh Kampuchea tau muk!

What percentage of Cambodia is middle-class now?

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