#Indonesia’s shrinking #MiddleClass casts shadow on economic rise.
Nearly 10 million Indonesians have fallen out of the middle class since 2019, according to government statistics.
The number of Indonesians classified as middle class fell from 57.3 million in 2019 to 47.8 million this year, according to data from the Central Bureau of Statistics.
Those classified as belonging to the “aspiring middle class” increased from 128.85 million to 137.5 million over the period, according to the statistics agency.
Together, the two segments make up about two-thirds of Indonesia’s 277 million people.
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