KIC Survey: Most Middle-Class Salaries Spent on Basic Needs
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A Katadata Insight Center (KIC) survey reveals that Indonesian middle-class respondents allocate 41% of their monthly income to daily consumption or needs.
"The high expenditure on basic needs reflects the limited room for the middle class to save, invest, or allocate funds for other needs," KIC wrote in its report.
The next largest allocation of expenses was 19.3% for savings; 18.4% for installment or loan payments; 11.4% for entertainment; and 9.9% for self-development or skills enhancement.
The survey also found that 69.9% of middle-class respondents had conducted financial planning.
Furthermore, 53.6% of respondents already separated funds for monthly bills from daily expenses, and 42.4% recorded their spending.
"These habits are important indicators of healthy financial behavior and demonstrate a strong effort to maintain financial security," KIC wrote.
The KIC survey involved 472 respondents aged 17–59, comprising 60% men and 40% women. Respondents were spread across 10 major Indonesian cities: Bandung, Medan, Surabaya, Jayapura, Jakarta, Semarang, Banjarmasin, Yogyakarta, Denpasar, and Makassar.
Data collection was conducted online from January 6–9, 2025, using a non-probability sampling method. The survey's margin of error is 4.6%.
The complete results of the KIC survey, titled "Indonesia's Middle Class Amidst Economic Uncertainty," can be accessed via the following link.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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