The Colombian middle class is a social class in Colombia, it is a broadly used term. There are many definitions. Middle class also has subcategories, such as upper middle class and lower middle and it can contain a very large number of individuals with vastly different professions and ways of living. Middle class and the overall standards of living are affected by the economy of a country, one which has a growing economy and positive economic indicators, will be more likely to have a larger middle class with decent standards of living and less inequality.[1] Colombia is a country that has been experiencing a significantly fast economic growth,[2] which has impacted the income, wealth and expenditure of its population, and the proportion of its population belonging to middle class.
In 1993, the population in the lower class in Latin America (earning less than US$4 a day) was 2.5 times the population in the middle class (earning US$4 to US$50). Ten years later, this two subgroups had approximately the same number of individuals[3]
^Kenton, Will. "Standard of Living". Investopedia. Retrieved 2019-05-31.
^"Report for Selected Countries and Subjects". www.imf.org. Retrieved 2019-05-31.
^Francisco H. G., Ferreira. (10 April 2013). La movilidad economica y el crecimiento de la clase media en America Latina. The World Bank. ISBN 978-0821398760. OCLC 1096798864.
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