The global middle class is in a state of decay

Tuesday, October 13, 2015
By Paul Martin

Mike Bird
BusinessInsider.com
Oct. 13, 2015

Credit Suisse just released its annual global wealth report and, as usual, it’s crammed full of interesting facts.

Data on income is much easier to come by than data on wealth, and Credit Suisse’s study is one of the few major efforts to track the distribution of private wealth.

This year the investment bank looked at the persistent and worrying decline in the proportion of wealth owned by the middle class in different regions of the world.

And everywhere you look, it’s declining.

It’s true in Asia and Europe, where the middle-class wealth share started off high in 2000, and it’s true of places like India and North America, where is was already much lower.

The Rest…HERE

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