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What's already happening now is the wealthy are consuming more and the middle class is shrinking. The top 20% does 60% of personal spending. http://www.parapun
by a8da6b0c91d 13y ago
What's already happening now is the wealthy are consuming more and the middle class is shrinking. The top 20% does 60% of personal spending.
http://www.parapundit.com/archives/009383.html http://www.parapundit.com/archives/009383.html
I see no reason for the trend of the disappearing middle class to stop. The future is Brazil: A wealthy elite alongside impoverished masses. There's less and less business need for a large middle class.
http://www.thecollectiveint.com/2013/03/favelas-of-brazil-boundary-between.html http://www.thecollectiveint.com/2013/03/favelas-of-brazil-bo...