The Development Bank of Latin America and the Caribbean (CAF) and ECLAC presented a scale on how much economic income is needed to be from a higher social class.

In this study, several countries such as Ecuador, Chile, Venezuela, Uruguay, Peru and others were analyzed, determining the required monthly income.

Ecuadorians they require $1500 per month, according to the publication of the media La República and La Tercera. This value is lower than other nations. For example, in Chile, $5,864 is required, which is the highest amount on the scale.

It is followed by Venezuela with 5,560 dollars, Mexico with 4,266 dollars, Peru with 3,418 dollars and Argentina with 3,325 dollars. Below Ecuador are Colombia with 1020 dollars and Brazil with 860 dollars.

Do you consider yourself a member of the lower, middle or upper socioeconomic class? What parameters define these categories in Ecuador?

Revenue by country:

in Ecuador, A person is considered upper class when the average monthly family income is $4,013 or more. That is, 48,013 dollars a year, according to research by the consulting company Kantar.

For every dollar generated by families in the poorest fifth, those in the upper class receive $12.50. For this segment of society, INEC has not yet published the data collected by the 2022 population census.

However, in the 2011 Socioeconomic Level Stratification Survey, INEC records these positions by economic group. Group A is 845 to 1000 points. And here is 1.9% of the investigated population (9,744 homes).

The characteristics of this category are analyzed according to your home. For example, predominant floor material, number of bathrooms with showers, ownership of household appliances and two vehicles.

When do they pay the thirteenth salary in Ecuador?

A study by the Development Bank of Latin America and the Caribbean (CAF) and ECLAC states that these countries’ numbers correspond to economic growth that has raised the incomes and living standards of their populations. However, in these cases, internal inequality remains.

Ecuador is said to be one of the nations with the lowest concentration of upper class population at 1.7%; Behind them are Colombia and Mexico with 1.2%, and Peru with 1%.

On the other hand, the basic salary in Ecuador is 450 dollars, which is a salary received by a large number of citizens. In fact, INEC, in the National Survey on Employment, Unemployment and Underemployment (Enemdu), shows that as of October 2023. The average income from work for an employed man was $306.4, and for a woman $254.2.