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Can Latin America’s Middle Class Stay Afloat?

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|   By James Fredrick   | If you earn at least 410,000 Colombian pesos (U.S. $165) per family member, per month, you are considered middle class. In Mexico, you may be middle class if you have a credit card with a 1,500-peso (U.S. $110) limit. If you can buy a brand new car in Argentina, you’re probably middle class. Regardless of the country-to-country details, it’s now widely accepted that Latin America and the Caribbean have a middle class, a definitive sign of progress for the region. “Never before has the region experienced distributional changes so important as those experienced […]
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