The New Global Middle class !

[damnotagain]

As Americas Middle class disappears into one the SSI or SNAP programs . You will see a rise in the Asian global middle class. Great read from Brookings? 


"This potential increase in the global middle class is associated with a significant geographical redistribution, as almost all of the new members of the global middle class reside in Asia (see Table 1). Today there are only 500 million middle class consumers in Asia, with one- quarter of these in Japan. Within twenty years there could be a six-fold increase, to some 3.2 billion people. Asia’s share in the global middle class would rise from just over one-quarter today to two-thirds by 2030. Meanwhile North America and Europe could see their combined share drop from 54 percent to just 17 percent. Partly this reflects slow population growth in these regions. But it also reflects the fact that many people could graduate out of the middle class and become rich by 2030.
Be more poor people than rich.


tables 1-3 show the decline in the middle class in America and the rise in china and India .

www.brookings.edu/~/media/research/files/papers/2010/3/china%20middle%20class%20kharas/03_china_middle_class_kharas.pdf

[Aman A.K.A. Ahamburger]

Did you actually read the whole thing?

It literally said that China is facing a ton of headwinds to get anywhere. It also fails to mention the reshoring that was coming because of this rising middle class(article was from 2010). It also stated that the rising middle class in Asia is great for the entire global community. Which is ironic because between my free enterprises thread and my American Renaissance thread I have detailed everything that is in this report, as well as, the underlying trends that would happen after the US recovery got underway; which this report says nothing about.

You do realize that 2020 is about 5 and a half years away right? That not a single economist thinks China can grow as fast as they were? And that, at best, China will face a "soft landing" in their real estate market, which is responsible for a lot of that "wealth" this report is talking about?