While the middle class remains a broadly-defined economic classification, their finances remain under constant pressure to sustain their livelihoods.
702's Azania Mosaka on Wednesday spoke to Jannie and Carina Rossouw, who collaborated on the research regarding the issue.
Listen to the interview below:
The middle class will be families earning between R9000 per month and R64000 per month.— Jannie Rossouw, head of Stellenbosch University's economic and business sciences
Some of the challenges include sufficient provision for retirement. People in the middle-class who retire fall back into poverty. Inflation is their biggest enemy.— Jannie Rossouw, head of Stellenbosch University's economic and business sciences
The research is not so much about reaching the middle-class but the challenge of staying in the middle-class.— Jannie Rossouw, head of Stellenbosch University's economic and business sciences
A big problem is that they are poorer when they are no longer part of the middle-class because they enter this classification with a lot of debt— Carina Rossouw, Stellenbosch university student