The Living Standards Measure or LSM is a marketing and research tool ( same as social economic class: SEC but more refine ) used in South Africa to classify standard of living and disposable income. It segments the population into ten deciles based on their relative means, with LSM 1 being the decile with the least means and 10 being the decile with the greatest means. It does this by ranking people based on ownership of the components of a standard basket of goods (which varies over time). For instance, those people who owned a television set would rank higher in the LSM than those who did not.[1] In effect, the LSM is an income inequality metric, despite specifically excluding income as one of the tested metric.
Phathu ndi lizhakandila
zwavhudi hezwi
Great show and presenting from Ms.P. Can you please consider putting subtitles, I would love to learn Tshivenda. Thank you in advance.
Phathutshedzo Makwarela one of the greatest writers in mzansi 🎉
Also bring Dr Colbert mukwevho or Percy mukwevho
SLM ndi mini nah vhanna
The Living Standards Measure or LSM is a marketing and research tool ( same as social economic class: SEC but more refine ) used in South Africa to classify standard of living and disposable income. It segments the population into ten deciles based on their relative means, with LSM 1 being the decile with the least means and 10 being the decile with the greatest means. It does this by ranking people based on ownership of the components of a standard basket of goods (which varies over time). For instance, those people who owned a television set would rank higher in the LSM than those who did not.[1]
In effect, the LSM is an income inequality metric, despite specifically excluding income as one of the tested metric.