Worldwide The global middle class is expected to grow and reach 5.5 billion by 2030. Some 87% of the additional middle class population will be Asians. Developing...
- The European middle class has been eroding in the past decade, due to the economic turmoil as well changing work conditions and further increases of unemployment, especially among young people. | Related Megatrends: Work; Geopower; Inequalities
- The share of the European and American middle classes will decrease from 50% in 2016 to just 22% of world's total, by 2030. | Related Megatrends: Geopower; Demography
- A sort of "vicious circle" has developed: the crisis has weakened the middle class, which in turn reduced aggregate demand, thereby deepening and prolonging downturn.
| Related Megatrends: Work; Geopower; Inequalities - In Germany, the income share of the middle-income group has fallen from 68% in 1991 to 59% by 2013. | Related Megatrends: Work; Geopower; Inequalities
| Originally Published | 27 Sep 2018 |
| Knowledge service | Metadata | Foresight |The Megatrends Hub |Growing consumerism |
| Digital Europa Thesaurus (DET) | consumer behaviourdistribution of incomeunemploymentworking conditionsyouth unemploymentlabour marketpopulation statisticssocial statistics |
The growing purchasing power of the middle classes in the newly industrialised countries creates opportunities for the consumer goods industry, health services, infrastructure and education.
International Monetary Fund, A shifting global economic landscape,(2017). German Institute for Economic Research, Shrinking share of middle-income group in Germany and the US (full report), (2016)...