Politics
Protect the middle? Why Southeast Asia should care about a vulnerable class
Key Points
As households across Southeast Asia face rising prices, higher borrowing costs and insecure jobs, analysts say governments should do more to protect a middle class that drives consumer spending but can fall between the cracks of social protection systems designed primarily for poorer households. The issue has come into sharper focus in the Philippines, where the Asian Development Bank Institute (ADBI) urged the government in September to provide targeted support for the middle class to...
As households across Southeast Asia face rising prices, higher borrowing costs and insecure jobs, analysts say governments should do more to protect a middle class that drives consumer spending but can fall between the cracks of social protection systems designed primarily for poorer households.
The issue has come into sharper focus in the Philippines, where the Asian Development Bank Institute (ADBI) urged the government in September to provide targeted support for the middle class to protect...