The Deadly Threat of the Global Middle Class

[james_davis_nicoll]

In the nightmarish world of tomorrow, will the Middle Class come to dominate a long-suffering world?

Today, 1.8 billion people in the world are middle class, or 28 percent of the global
population. About half of these people live in developed economies, with another fifth found in Brazil, Russia, India, and China – the so-called emerging BRIC economies. Less than 2 percent of the world’s population is rich by our definition; a significant majority, 70 percent, is poor.

2022 marks the first year more people in the world are middle class than poor. By 2030, 5 billion people – nearly two thirds of global population – could be middle class.

Nicked from Tobias Buckell