Ecuador: Research indicates middle class almost doubled to 27 percent in last decade

Posted on August 24, 2015 • Filed under: Economy, Ecuador, Social Issues

The Ecuadorian middle class rose nearly doubled in 10 years rose from 14% to 27%
Consumption in malls, walled housing and tertiary studies define people in this stratum. The political aspirations between Guayaquil and Quito are different.

telegrafo.com.ec reported research by INEC (National Institute of Statistics and Census) in 2011.
Senplades data even speak of an increase in the middle class almost doubled from 14% to 27% in the last decade.

The car of the silver 4×4 Martinez-Romero couple crosses one of the avenues of northern Guayaquil toward a sushi-bar. It’s Thursday night, left the job and the car still “smells new ‘even have seals consesionaria stuck in the back seat. They bought recently at $ 29,000 and will be paid in 10 years. “It is a time we can deal considering that we are already parents,” says Laura Romero, with a smile as his lip is accommodated in the mirror. Are in trouble, they will meet friends.

She works in precisely the car dealership, he is a corporate communicator of a local cement company. If anything defines the Latin American middle class and Ecuador in general they are studying. According to the World Bank, most untitled third or fourth level. “They live in large cities and are formal and stable employees, with offices in the area of ​​services, including health, education and bureaucracy. Few have own or work in factories and manufacturing businesses work, “says the study’s body, made in 2013.

The truth is that more than 50 million in Latin America have risen steps in the so-called ‘social ladder’, as in economics from access to services, education, possibility of consumption and incomes. In this group are the Martinez-Romero and at least 83.3% of households in five cities, according to research by INEC (National Institute of Statistics and Census) in 2011.

Senplades data even speak of an increase in the middle class almost doubled from 14% to 27% in the last decade.
What new buyers consume?

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The World Bank report makes clear that it is almost impossible to describe an accurate radiograph of how the middle class behaves in Latin America.

In Ecuador an observation was made in the 2 main cities. That Thursday, when Martinez-Romero husbands went out to eat sushi with your friends, Enrique Segovia “took a turn” by a mall to see what I could buy. You just buy a sports shirt.

According to the president of the Association of Economists of Pichincha, Victor Hugo Alban, in the middle class are people like Clara Viviana and who have stable employment situation and a secure monthly income. The new middle class perceived from $ 354 (which is a basic salary) to an average of between $ 1,200 and $ 1,400 per month. Read Article

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