Half the world is now middle class or richer. Capitalism, baby.

posted by Jay Weber - 

via Daily Mail by VALERIE BAUMAN

For the first time in human history, just about half the world's population is considered poor or vulnerable to poverty - and the middle class now accounts for the globe's largest economic group, according to a new report.

As of September 2018, an estimated 3.8 billion people now live in households that qualify as middle class or rich, according to an analysis by the Brookings Institute.

Researchers say it's a significant tipping point for humanity, marking the first time ever the poor and those on the verge of poverty are no longer a global majority.

The complete story here > A new global majority: Half the world is now middle class or richer, study finds

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