Key insights and market outlook
A recent study by Hakuhodo International Indonesia reveals that Indonesia's middle class is evolving to become more realistic and resilient in the face of economic uncertainty. The research, titled 'Navigating the In-Between: Living as Indonesian Middle Class,' highlights a shift towards seeking more authentic meaning in life beyond material possessions. This transformation reflects the complex economic, social, and emotional pressures faced by this demographic.
A comprehensive study by Hakuhodo International Indonesia through Sei-Katsu-Sha Lab 2025 has revealed significant changes in Indonesia's middle class behavior. The research, titled 'Navigating the In-Between: Living as Indonesian Middle Class,' illustrates how this demographic is adapting to complex economic pressures while seeking more meaningful lives.
The study highlights that Indonesia's middle class is no longer focused solely on material possessions and outward appearances. Instead, they are becoming more realistic and resilient in their approach to life. Group CEO Devi Atamimi emphasized that understanding human behavior requires looking beyond data, as emotional and social factors play a crucial role in shaping their lives.
The middle class in Indonesia faces a unique paradox - they have high purchasing power and aspirations, yet live under the shadow of economic uncertainty. This has led to a transformation where they seek more authentic meaning in life. The research indicates that while technology, including AI, has made various aspects of life easier, it cannot capture the emotional depth and complexity of human experiences.
The findings suggest that businesses need to understand these changing dynamics to better serve the evolving needs of Indonesia's middle class. As Devi Atamimi noted, 'We're aware that we're not an economic institution, we can't solve people's living installment problems, but at least we can make their lives feel a little lighter and more beautiful.' This approach indicates a shift towards creating more meaningful and supportive business practices.
Middle Class Behavior Shift
Consumer Research Findings
Economic Adaptation Strategies