3 ms·

You can please some of the people, some of the time

• SahAssar 12y ago
  "1 billion consumers worldwide will enter the middle class in the next 15 years – 80% of this growth will be outside of the U.S." Saying that 200 million Americans will enter the middle class in the next 15 years might be worth pointing out though. Where is he getting that statistic?!
  • sgy 12y ago
    McKinsey (http://www.mckinsey.com/insights/urbanization/urban_world_cities_and_the_rise_of_the_consuming_class http://www.mckinsey.com/insights/urbanization/urban_world_ci...)
  • Uhhrrr 12y ago
    The only way I can figure it is if at least 100 million leave the middle class first.
    • hkmurakami 12y ago
      If you define middle class solely by income (rather than accumulated wealth), and consider them "middle class" just from one year's worth of middle class level income (an abberation, basically), then this may be perhaps possible? I remember there was an article on HN that described such "income churn" for the population, and it was tremendous how people enter and exit mid to high income ranges throughout their lives.