Income is relative, and what may be considered affluent in one country may not be in another. In Indonesia, the affluent income benchmark is considered to be more than Rp 10 million (US$732) per month.
This figure was determined by the Indonesia Central Bureau of Statistics (BPS) in its “Report on the National Standard of Living” in 2016. It found that a household with an income of more than Rp 10 million per month was considered to be in the affluent category.
This benchmark is based on the assumption that a household needs at least Rp 9.8 million per month to cover its basic needs. This includes expenses such as food, clothing, transportation, education, and health care.
The BPS defines an affluent household as one that has “a high level of consumption and a good life style.” It notes that these households typically enjoy a high level of comfort and security, and are able to “participate in social activities and have access to quality services.”
Not everyone in Indonesia earns more than Rp 10 million per month, of course. The average monthly salary in the country is just over Rp 2.5 million (US$183). But there is a growing middle class in Indonesia, and more and more people are earning incomes that put them in the affluent category.
Income inequality is a growing problem in Indonesia, and there is a large disparity between the richest and poorest households in the country. But the rise of the middle class is a positive trend, and it is likely that the affluent income benchmark will continue to rise in the years ahead.
What is consider rich in Indonesia?
In Indonesia, there is no specific definition for what it means to be rich. However, generally speaking, a person is considered to be rich if he or she has a high net worth and a high standard of living.
There are many factors that contribute to a person’s wealth and standard of living. Some of the most important factors include income, assets, and lifestyle.
Income is the most important factor in determining a person’s wealth. Income can be measured in two ways: gross income and net income. Gross income is the total amount of money a person earns before any taxes or deductions are taken out. Net income is the amount of money a person actually takes home after taxes and deductions are taken out.
In Indonesia, the tax system is progressive, which means that the more money a person earns, the higher the tax rate will be. As a result, the net income of a high-income individual will be much lower than the gross income.
In addition to income, assets are also important in determining a person’s wealth. Assets can be classified into two categories: liquid assets and fixed assets. Liquid assets are assets that can be easily converted into cash. Fixed assets are assets that cannot be easily converted into cash, such as real estate and cars.
The value of a person’s assets is not just determined by the amount of money that the assets are worth. It is also important to consider the liquidity of the assets. Liquid assets are more valuable than fixed assets, because they can be easily converted into cash.
Lifestyle is also an important factor in determining a person’s wealth. A person’s lifestyle is determined by the things that he or she spends money on. A person with a high standard of living will typically have a high-end lifestyle, while a person with a low standard of living will have a low-end lifestyle.
There is no definitive answer to the question of what is considered rich in Indonesia. However, a person is generally considered to be rich if he or she has a high net worth and a high standard of living. This definition can vary depending on the individual’s income, assets, and lifestyle.
How much income do you need to be considered affluent?
There’s no precise answer to this question as it depends on an individual’s unique situation and lifestyle preferences. However, a good rule of thumb is that you need an annual income of at least $100,000 to be considered affluent.
There are a number of factors that go into determining whether or not you’re affluent. For starters, your annual income is obviously a key consideration, but so is your net worth. If you have a lot of assets – such as property, stocks, and investments – that can be considered in addition to your annual income.
Your lifestyle is another important consideration. If you have a high-paying job but you’re not particularly extravagant, you may not be considered affluent. Conversely, if you have a modest income but you enjoy a high-end lifestyle, you may be considered affluent.
Ultimately, the best way to find out if you’re considered affluent is to ask someone who has that designation. There are a number of organizations, such as the Forbes Richest People in the World list, that track the richest people in the world and can give you a good idea of where you stand.
What is the average wealth in Indonesia?
What is the average wealth in Indonesia?
According to a study by Credit Suisse, the average wealth per adult in Indonesia is $5,700. This ranks Indonesia as the 105th richest country in the world in terms of average wealth per adult.
The average wealth in Indonesia is significantly lower than the global average of $63,100. However, it is significantly higher than some of Indonesia’s regional neighbors, such as Thailand ($3,100) and the Philippines ($2,700).
There is significant variation in wealth levels within Indonesia. The richest 10% of adults in Indonesia have an average wealth of $106,000, while the poorest 10% have an average wealth of just $380.
What is driving the relatively low average wealth in Indonesia?
There are a number of factors that contribute to the low average wealth in Indonesia.
Firstly, Indonesia is a relatively young country, with a median age of just 28. This means that there is a large population of people who are still in the early stages of their careers and have not had time to accumulate significant wealth.
Secondly, Indonesia is a relatively poor country. The GDP per capita in Indonesia is just $3,900, which is well below the global average of $10,100.
Thirdly, there is a significant level of inequality in Indonesia. The richest 10% of adults in Indonesia have a total wealth that is equivalent to more than half of the total wealth of the poorest 50% of adults.
What is the outlook for wealth in Indonesia?
The outlook for wealth in Indonesia is positive.
The population of Indonesia is growing rapidly, and the economy is expanding at a healthy rate. This should lead to an increase in the average wealth per adult in Indonesia in the coming years.
However, there is still a significant level of inequality in Indonesia, and it will take time for the majority of the population to catch up to the wealthy elite.
What is upper middle class in Indonesia?
What is upper middle class in Indonesia?
The upper middle class in Indonesia is a socio-economic group that is considered to be wealthier and more affluent than the lower middle class but not as wealthy as the upper class. They typically have a high level of education and earn a comfortable income, which allows them to enjoy a comfortable lifestyle.
The upper middle class in Indonesia is made up of professionals, business owners and managers, and government employees. They are typically well-educated, with many holding graduate degrees, and they earn a good income that allows them to afford a comfortable lifestyle.
The upper middle class in Indonesia enjoy a high level of prestige and social status, and they are often considered to be the country’s elite. They typically have a strong sense of identity and belonging to the group, and they often enjoy a privileged lifestyle that includes luxurious homes, expensive cars, and top-quality goods and services.
The upper middle class in Indonesia is an important and influential group, and they play a significant role in shaping the country’s social and economic landscape. They are a key target market for businesses, and they are also active in the political process, often lobbying for change and reform.
So, what is the upper middle class in Indonesia? Simply put, it is a socio-economic group that is wealthier and more affluent than the lower middle class but not as wealthy as the upper class. They are typically well-educated and earn a good income that allows them to enjoy a comfortable lifestyle.
What is a good expat salary in Jakarta?
When it comes to finding a job in Jakarta, there are a few things to consider. One of the most important factors is salary. What is a good expat salary in Jakarta?
Jakarta is a city with a lot of opportunity, but it can also be expensive. When it comes to finding a job, many people are looking for a high salary. However, what is a good expat salary in Jakarta?
In general, a good expat salary in Jakarta is around $3,000 to $5,000 per month. This varies depending on your position and experience. However, keep in mind that the cost of living in Jakarta is high, so you will need to make sure you have enough to cover your expenses.
Some of the most popular jobs for expats in Jakarta are in the banking and finance sectors. These jobs usually offer a higher salary than other positions. If you are looking for a job in Jakarta, it is important to do your research and find a position that offers a good salary and benefits.
The cost of living in Jakarta can be expensive, but it is definitely worth it to live in this amazing city. If you are able to find a job that offers a good salary, you will be able to enjoy all that Jakarta has to offer.
How many people are rich in Indonesia?
There is no definitive answer to this question as wealth distribution in Indonesia is highly skewed. Inequality has increased in recent years, with a small minority of the population controlling most of the wealth.
There are a number of estimates of how many people are rich in Indonesia, but all of them are just estimates. The Boston Consulting Group (BCG) estimated that in 2013, there were around 170,000 high net worth individuals (HNWIs) in Indonesia, with a combined wealth of US$240 billion. This is a relatively small number compared to other countries in the region, such as Thailand (690,000 HNWIs) and Malaysia (580,000 HNWIs).
However, a report by the Credit Suisse Research Institute in 2014 estimated that there were around 1.1 million millionaires in Indonesia, with a combined wealth of US$810 billion. This would make Indonesia the 20th richest country in the world in terms of total wealth held by millionaires.
It is difficult to say for certain how many people are rich in Indonesia, as the distribution of wealth is so uneven. However, it is clear that there is a significant amount of wealth held by a small minority of the population. This inequality is likely to continue to increase in the coming years, as the country’s economy continues to grow.
What salary is upper class?
What is the definition of “upper class?” How much money does one need to belong to this elite group? What are some of the trappings of wealth and privilege that come with being in the upper class?
In the United States, the upper class is generally considered to be those who have an annual income of $250,000 or more. However, there are different ways of calculating who belongs to this group, and the definition can vary depending on the country.
In some cases, the upper class is considered to be a very small percentage of the population, while in others, it can be a lot wider. For example, in the United Kingdom, the upper class is made up of people who earn more than £150,000 a year, which is about $195,000 in U.S. currency.
There are many factors that go into determining whether or not someone is part of the upper class. In addition to income, wealth and privilege also play a role. Some of the most common indicators of wealth and privilege include owning a private jet or a large yacht, having a household staff, and sending children to elite private schools.
Members of the upper class are also often associated with certain lifestyle choices and behaviors. They may be more likely to drink expensive wine, eat at high-end restaurants, and travel in luxury.
So what is it like to be part of the upper class? In a word, it’s privileged. Members of the upper class have access to things that the rest of us can only dream of, including the best education, the finest health care, and the most luxurious accommodations.
They also often enjoy a high level of social status and prestige. People in the upper class are often looked up to and considered to be very successful. They are often held in high regard by their peers and the general public.
It’s not always easy to be part of the upper class, though. There is a lot of pressure to maintain a certain level of wealth and privilege, and those who are in this elite group often face a lot of scrutiny.
Overall, the upper class is a very exclusive group of people who enjoy a lot of advantages and privileges. Whether you’re aspire to be a member of the upper class or not, it’s important to understand what it is and what it means.