Many Middle-Class Citizens Set Aside Savings for Emergency Funds
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The Katadata Insight Center (KIC) recorded the saving and investment goals of Indonesia's middle class. The results show that the majority, or 63.1% of respondents, save for unexpected needs or as emergency funds.
"This indicates that long-term financial planning is not yet a top priority and gradual change needs to be pursued," wrote KIC in its report.
Respondents also saved for education costs (37.5%); vacations (29.7%); achieving *financial freedom* (27.5%); additional income (26.1%); and protecting assets from inflation (24.8%).
Meanwhile, a smaller percentage of middle-class respondents set aside income for business development (18.9%), home renovations (15.5%), down payments on houses (15.3%), and other reasons (1.9%).
This KIC survey involved 472 respondents aged 17–59 years, consisting of 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 KIC survey report, 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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