Middle-class consumers refer to individuals or families who have a moderate level of income and purchasing power, allowing them to afford goods and services beyond basic necessities.
Related terms
Disposable income: The amount of money that middle-class consumers have left over after paying for essential expenses.
Consumerism: The cultural attitude that encourages middle-class consumers to continuously buy and consume goods and services.
Credit cards: A popular financial tool used by middle-class consumers to make purchases on credit, with the promise of repayment at a later date.