Global middle class: fiction or reality?

Resource / Global middle class: fiction or reality?

By Michael Zahn / 24 Jul 2015

 

A new paper draws on analysis of 111 countries to challenge the commonly held view that the global middle class is growing. The Pew Research Center has investigated the shifting distribution of global population by income between 2001 and 2011. The organisation spotted a decrease of global poverty and virtually a doubling of people with middle income in the examined period. Although nearly 700 million were able to emerge from poverty, the likelihood of this could be considered very small. The study reveals that 56% of the global population remains to dispose of low income whereas only 13% are deemed middle income by global standard.

 

Resource shared by David Bent

Image credit: Alex Proimos
 

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