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Knowledge4Policy
KNOWLEDGE FOR POLICY

Competence Centre on Foresight

We foster a strategic, future-oriented and anticipatory culture in the EU policymaking process.

Page | Last updated: 27 Sep 2018

Developments and Forecasts of Growing Consumerism

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 countries have both a growing economy and a growing consuming population, while developed countries are mostly replacement economies.

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Developing countries have both a growing economy and a growing consuming population, while developed countries are mostly replacement economies.

Developing economies and emerging markets are expected to continue growing relatively fast, given their increasing labour force and expanding markets potential, versus the advanced economies, which are mostly replacement markets. 

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Europe

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.

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More on this Megatrend