WebOct 14, 2024 · Kugler said that a growing economic middle class helped drive economic growth in the U.S. during the 20th century. From 1947 to 1979, the middle class received 54% of the country’s total income ... WebMay 17, 2012 · A strong middle class promotes the development of human capital and a well-educated population. A strong middle class creates a stable source of demand for goods and services.

Visualizing the World’s Growing Middle Class (2024–2030)

Web2 hours ago · The main finding is that in China, only 34.5% of the population belongs to the middle-income class, with 62.3% of the middle-income population still exhibiting vulnerability. Notably, at the top of the pyramid within middle-income class, nearly half of the population is at risk for slipping into the low-income class in the future (44.3%). WebFeb 28, 2024 · Globally, the middle class is already spending $35 trillion (2011 PPP) annually, and could be spending $29 trillion more by 2030, accounting for roughly a third of projected GDP growth (in PPP ... phinas baltimore

The shrinking middle class in U.S. metropolitan areas: 6 key findings

WebJul 5, 2016 · The middle class could surpass 4 billion by 2024, making it a majority of the world’s population. Seen in the context of the last 150 years of economic expansion, … Web2 hours ago · The main finding is that in China, only 34.5% of the population belongs to the middle-income class, with 62.3% of the middle-income population still exhibiting … WebJun 1, 2013 · The explosive growth of China’s emerging middle class has brought sweeping economic change and social transformation—and it’s not over yet. By 2024, our research suggests, more than 75 percent of China’s … tsnb14up1wh