http://www.pewglobal.org/2015/07/08/a-global-middle-class-is-more-promise-than-reality/ http://www.pewglobal.org/2015/07/08/a-global-middle-class-is... seems to

http://www.pewglobal.org/2015/07/08/a-global-middle-class-is-more-promise-than-reality/ http://www.pewglobal.org/2015/07/08/a-global-middle-class-is... seems to mention otherwise. Having seen the changes over last 20 years in India, the middle class is now a lot vulnerable and in the fix with absolutely zero safety net. The earning power of the middle class might have doubled but the expenses and the standard of living has increased manifolds, thus pushing them further to the bottom.