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Afrobarometer has provided survey evidence that many Africans continue to experience their lives as impoverished, despite high levels of recorded economic growth in their countries. Macroeconomic data, which show robust rates of growth at the national level, must be considered in conjunction with data from household income surveys that show continuing poverty and a lack of improvement in the economic conditions of poorer families (Lofchie, 2015: 53).According to an overview based on data for the years 2005–2010 and the different monetary income/expenditure thresholds applied, the African ‘middle class’ ranged from 20 million to over 32 million to 197 million and 350 million to 425 million: the ‘middle class estimate can therefore be summed as a moving average’ (Bhorat et al, 2021: 8). A comparative perspective, measuring and contrasting income and ownership of assets as categories, points out that ‘measuring the middle class solely by income does not sufficiently capture the reality’ (Nemeckova et al, 2020: 22).…”
Afrobarometer has provided survey evidence that many Africans continue to experience their lives as impoverished, despite high levels of recorded economic growth in their countries. Macroeconomic data, which show robust rates of growth at the national level, must be considered in conjunction with data from household income surveys that show continuing poverty and a lack of improvement in the economic conditions of poorer families (Lofchie, 2015: 53).According to an overview based on data for the years 2005–2010 and the different monetary income/expenditure thresholds applied, the African ‘middle class’ ranged from 20 million to over 32 million to 197 million and 350 million to 425 million: the ‘middle class estimate can therefore be summed as a moving average’ (Bhorat et al, 2021: 8). A comparative perspective, measuring and contrasting income and ownership of assets as categories, points out that ‘measuring the middle class solely by income does not sufficiently capture the reality’ (Nemeckova et al, 2020: 22).…”