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Social Class is present in every country, 1st, 2nd or 3rd Country. Philippines is classified as a 3rd world developing country. Social Classes is determined by the monthly salary of the family, Upper class has a monthly income 140k - 280k PHP, while middle class has 46k - 86k PHP and lower class has 12k - 24k PHP monthly income. In this social class, workers receives minimum wages. My brother and i receives minimum wage from my employer and we pretty contented of what we receives. I personally thinks social class is somewhat accurate. The way we live is a factor if we are really contented in life, spend if necessary or spend if you can afford. I spend for what i can afford and what i need.
That is a good attitude towards life, to be contended with what we have and spend accordingly. But most get swayed by the shine and run for it by hook or crook.