Heart of the middle class
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This segment, B2, corresponds to the typical urban family shown in advertisements: well educated, upper-middle class couples with one or two young children. The majority, 55% of these households, have ...
This segment, B2, corresponds to the typical urban family shown in advertisements: well educated, upper-middle class couples with one or two young children. The majority, 55% of these households, have four members, in line with the hum-do-hamare-do image; just 9% of the households in this segment have more than two children. While most of them live in nuclear families,15% of the households do have senior citizens as well.
Most of them (86%) live in apartments and a larger proportion of households in this segment own their houses—26%, compared with the 17% in the younger segment of B1. Having moved up the life stage, they have also procured all the basic assets—all households own television sets, almost half own cars. Almost a quarter have acquired assets such as air conditioners. While air conditioners are a luxury for most Indians, these are, in fact, slowly becoming a necessity for well-to-do houses that can afford to have controlled temperatures indoors and keep out the city noise and pollution.
The median age of the chief wage earner in these households is 37 years and annual household income is high at Rs6.66 lakh; 25% of them hold postgraduate degrees and 70% are graduates. With manufacturing the top industry of employment, followed by public administration/defence and financial intermediation, in all probability most of these chief wage earners have a professional degree. Almost 80% of the chief wage earners in this segment work in a company— public or private limited—or in the government.
In most of these households, only one person is employed, the chief wage earner. Despite the high qualifications of the spouses—at least 50% are graduates and 21% hold postgraduate degrees—79% are homemakers. Clearly, looking after the young children is a priority in these households. Here again, the caring mother and homemaker in advertisements comes to mind—Maggi and Saffola, for instance.
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