If youre a middle-class family, you make more money than the working class but less money than the upper class. REAL ID Deadline Is Delayed Again. The global middle-class standard is modest by the standards of advanced economies. WebIndividual subscriptions and access to Questia are no longer available. By 2030, the middle-class population in Asia-Pacific is expected to increase from 1.38 billion people in 2015 to 3.49 billion people. (+1) 202-419-4372 | Media Inquiries. (2013), among others. The middle class is the group of people whose income falls in the middle of the scale. While there is a gap between the global middle class and others on democracy issues, there is an even more consistent gap on issues tied to religion and morality. In 2017, the median income in France was 1,370 per month per person ($1,549) and the new study found that to be rich, it would mean that you need to earn double this figure. At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since The St. Louis Federal Reserve Bank takes a more complicated approach. At the same time, the poor and lower-income classes grew by 131 million people. You need a Statista Account for unlimited access. The poverty rate also increased by 1 percentage point in 2020 after being on a steady, five-year decline. The Balance uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. *Annual spending for a four-person household; Source: James Sullivan, Notre Dame. Measures like this are useful because they provide a single metric to track global trends over time, across both developed and developing economies. A paid subscription is required for full access. Accessed Oct. 18, 2021. Our multimedia service, through this new integrated single platform, updates throughout the day, in text, audio and video also making use of quality images and other media from across Still others say it's a state of mind. The number of people in the global high-income tier (more than $50 daily) is estimated to have decreased by 62 million in 2020, erasing about half of the gain since 2011, with most of the change emanating from advanced economies. New, Insights into the worlds most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development. This study suggests that on a variety of issues, the global middle class people in emerging nations whose household income can be considered at least middle income by international standards differs from poorer citizens.2. Read our research on: Election 2022 | Economy | Abortion | Russia | COVID-19. (+1) 202-857-8562 | Fax These include white papers, government data, original reporting, and interviews with industry experts. Meanwhile, the upper-middle income population ($20.01-$50 daily) fell by 36 million, while the low-income population ($2.01-$10 daily) is estimated to have increased by 21 million. The new global middle class in China, India and Brazil have propelled their economies to equal the size of For instance, six-in-ten middle-class Poles rated a free press very important, compared with 42% of their lower-income compatriots. Disclaimer. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. At the same time, the path to a recovery is clouded with uncertainties. The visualization presents the same data in the same way, except that the y-axis is now not logarithmic but linear. In the 13 nations included in this study, middle class respondents are often more likely to say it is very important to live in a country with key institutional features of democracy, such as fair multiparty elections and a fair judiciary. Most stock quote data provided by BATS. This pattern is especially strong in several of the predominantly Catholic nations in the analysis. Differences were only slightly less common in Russia (13), Bulgaria (12), and South Africa (12). Then you can access your favorite statistics via the star in the header. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Show publisher information Larry Diamond, while acknowledging that economic growth helps democracies survive, has noted that Over the past three decades, an unprecedented number of very poor countries have embraced democratic forms of government. In The Democracy Advantage, Morton Halperin, Joseph Siegle, and Michael Weinstein make the case that much of the previous work on development and democratization has underestimated the resilience of democracy in lower-income countries. What Is Middle Class Income? At the regional level, the latest year for which comprehensive data are available ranges from 2014 for South Asia to 2018 for East Asia and the Pacific and three other regions. ", Pew Research Center. As a Premium user you get access to background information and details about the release of this statistic. ", U.S. Department of Veterans Affairs. For example, in a small town in Georgia, $80,000 goes a lot further than it would in San Francisco. Accessed Oct. 18, 2021. Learn more about how Statista can support your business. An ideal commonly held among the middle class is that it is possible to increase their income to higher economic strata through career advancement and salary upgrades. UNA-USA is dedicated to empowering young Americans with tools and experiences that prepare them to be the next generation of global leaders. Global income inequality is very high and will stay very high for a long time. In Spain and Italy, this figure rises to 1.3 and in the U.K., to 1.5 times more. The term upper class is used to describe individuals who reside above both the working class and middle class of a social hierarchy. All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2018 For 2020, the federal poverty level was $21,720 for a three-person household. Overall, across the 13 nations, the median percentage rating their current life in the range of seven to 10 is 50% among the global middle class and just 31% among poorer respondents. Are you interested in testing our corporate solutions? They combine sociology with economics to define the middle class. At the other end of the economic spectrum, the global high-income population likely fell to 531 million in 2020 from the 593 million originally expected. Say Alexa, enable the Pew Research Center flash briefing, 1615 L St. NW, Suite 800Washington, DC 20036USA Who really falls into that group? Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Displayed below is the Pew Research Center's definition, which is two-thirds to two times the national median income for your household size. Directly accessible data for 170 industries from 50 countries under which this service is provided to you. (February 28, 2017). (+1) 202-419-4300 | Main Karl Marx was a 19th-century philosopher, author, and economist famous for his ideas about capitalism and communism. Still, the gap is often striking. To help you find what you are looking for: Check the URL (web address) for misspellings or errors. The middle class refers to a class of people in the middle of a social hierarchy, often defined by occupation, income, education, or social status. A WarnerMedia Company. WebNissan Global Newsroom | Latest news, photos and videos. American Family News (formerly One News Now) offers news on current events from an evangelical Christian perspective. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook Youd be considered part of a low-income class. How did it choose to define this group? WebUN News produces daily news content in Arabic, Chinese, English, French, Kiswahili, Portuguese, Russian and Spanish, and weekly programmes in Hindi, Urdu and Bangla. Now, there are more than 37.2 million Americans in poverty3.3 million more than in 2019. One projection is based on the World Banks January 2020 forecasts of economic growth in 2020, and the other is based on its January 2021 estimates of growth in 2020. Soon after President Obama took office in 2009, he created a task force aimed at raising the living standards of the middle class. Quiz: Where do you fit in the political typology? The projected rise in global poverty in the pandemic is concentrated in South Asia (an increase of 78 million) and Sub-Saharan Africa (40 million), historically among the poorest regions in the world. Pew defines middle class as a person earning between two-thirds and twice the median American household income, which in 2019 was $68,703, according to the United States Census Bureau. That puts the base salary to be in the middle class just shy of $46,000. The same pattern holds true in the former Soviet Union. Over time, the values of the middle classes in emerging countries become more like those of the publics of advanced nations. By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. The Latest Numbers Available, 6 Signs That You've Made It to the Middle Class. The percentage increase in poverty in South Asia (75%) dwarfs the increase in Sub-Saharan Africa (8%). It excludes health care expenses and education, which Sullivan says might be considered investments. First, the region contributed the most to the shrinking of the global middle class in 2020 despite having a middle-income population smaller than several other regions. All rights reserved. Middle-class families arent defined by annual income alone. One-quarter of the global middle WebAs part of the Global South and home to one of worlds most diverse marine life, the location of Sharm-El-Sheikh in Egypt is quite relevant to this years conference. People in the global middle class are less likely to consider religion central to their own lives. Thus, large numbers were susceptible to falling back into poverty prior to the pandemic, especially in South Asia and Sub-Saharan Africa. Regional estimates are summed to yield estimates of the global distribution. Here are five different ways that economists, federal agencies and even the White House measure and characterize the middle class. One popular option is Pew Researchs income calculator. Pew Research Center defines the middle class as Middle-class families are also prone to the money versus time squeeze. According (+1) 202-857-8562 | Fax Nonetheless, South Asia is estimated to have added nearly double the amount of people to the ranks of the globally poor as Sub-Saharan Africa in the pandemic. There were an estimated 54 million fewer people in the middle class than had been projected at the start of the year, and 131 million more in poverty at the end of 2020. In the source data, some countries only report income data while others only report consumption data. You may opt-out by. WebThe AWS Global Cloud Infrastructure is the most secure, extensive, and reliable cloud platform, offering over 200 fully featured services from data centers globally. Notable differences were particularly common in Chile, Russia, Bulgaria, and South Africa. New York University Professor Edward Wolff, for instance, defines middle class as the middle three-fifths of the wealth spectrum. Half of middle-class Bulgarians believe it should be accepted, while only one-in-three (34%) expressed this view among lower-income respondents. Still, as this analysis shows, when compared with their poorer fellow citizens, members of the global middle class tend to express a somewhat more intense desire for democracy. When asked to choose which is most important to them personally, free speech, freedom of religion, freedom from hunger and poverty, or freedom from crime and violence essentially Franklin Roosevelts four freedoms the global middle class was more likely than others to prioritize being able to speak freely in public. Privacy Policy. Forecast of the global middle class population from 2015 to 2030, by region (in millions) [Graph]. While it is assumed that middle-class households generate sufficient income for retirement savings along with standard expenses, an increasing segment of this portion of the American population is also living paycheck to paycheck. You can only download this statistic as a Premium user. Accessed Oct. 18, 2021. The global middle class is also less likely to believe faith is essential for morality. Middle-class status isnt based on income alone. The majority of people around the world would be considered below this51% are low income and 10% poor. The combination of incentives and salary increases helped elevate working class citizens into the newly forming middle class. For more on the relationship between a countrys wealth and its level of life satisfaction, see. The consumption measure used by Notre Dame Professor James X. Sullivan includes spending on food, transportation, entertainment, housing and other items. This compensation may impact how and where listings appear. The middle class constitutes a slim majority of the U.S. population (around 52%). The global poverty rate, which had been in steady decline this century, is likely to have increased to 10.4%, nearly reverting to the rate in 2017, instead of sinking to a new low of 8.7%, as previously expected. The number of global poor is estimated to have risen to 803 million in 2020, much greater than the 672 million initially expected. Some 494 million people in Sub-Saharan Africa, out of a total population of 1.14 billion, were expected to be living in poverty ahead of the pandemic in 2020. "About GI Bill Benefits. The data used in this calculator was provided by the Brookings Institution from its analysis of the global middle class, covering 97 percent of the worlds population. The global middle class is one of the best markers of progress because it can track just how far people have been able to improve their financial situation moving out of poverty. 11. In 2020, the U.S. median household income declined for the first time since 2011from $69,560 to $67,521. WebMaster's in Global Business & Society A year of advanced leadership training for MIM graduates of top business schools around the world; Master's in Public Education Management Master's Degree in Public Education Management; Master's in Systemic Risk Specialized program for developing leaders in government agencies that manage systemic risk. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. It also depends on your household size, location, and other factors. Another way to define middle class is by how much you spend. Get quick analyses with our professional research service, Toplists & Rankings: Best Employers Portal. Global inflation pressures. For example, a lot of middle-class families are after the same thing: the so-called American Dream. Otherwise, the latest estimates of the change in output per capita in 2020 ranged from -3.2% in Europe and Central Asia to -7.8% in Latin America and the Caribbean. The Pew study was conducted in March 2021 but the tool was released in July 2021. Even though people in many nations do not enjoy the benefits of democracy, people nearly everywhere tend to express support and desire for democracy. Why Do Women Like To Travel More Than Men? Compared with poorer people in emerging countries, members of the middle class assign more importance to democratic institutions and individual liberties, consider religion less central to their lives, hold more liberal social values, and express more concern about the environment. After adding the total number of people in your household, it will determine your global ranking. Among Indians, for example, 63% of middle class respondents said living in a country where you can say what you think and openly criticize the government is very important, compared with 52% of those with lower incomes. Please enable JavaScript for the best experience. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. What the data says about gun deaths in the U.S. What the data says about abortion in the U.S. As soon as this statistic is updated, you will immediately be notified via e-mail. Global poverty had abated at an average rate of 49 million annually from 2011 to 2019, with the number of global poor falling from 1.10 billion to 691 million during this period. Register in seconds and access exclusive features. This does not mean that only the wealthy endorse democracy on the contrary, support for democracy is solid in both rich and poor countries, and among both rich and poor respondents. In their 2005 book, Modernization, Cultural Change, and Democracy, Inglehart and Christian Welzel analyzed data from over 80 nations and elaborated a revised version of modernization theory that emphasizes the links among socioeconomic modernization, the development of self-expression values, and the growth of democracy. The Palma ratio calculates the richest 10% of the populations share of Gross National Income (GNI) and divides it by the share of GNI for the poorest 40% of the population. For a more specific look at what it means to be middle class in the United States, try our U.S. middle-class calculator. ", LendingClub. The relatively outsized role of South Asia in the contraction of the global middle class and the expansion of poverty is the result of it seeing the sharpest reduction in economic growth in the pandemic. This more accurately reflects your well-being since income doesn't take into account non-cash government benefits, such as food stamps, or savings and can fluctuate greatly from year-to-year, say proponents of this measure. Source: White House Task Force on the Middle Class. Considerably fewer differences were seen in Egypt (7), Brazil (7), India (6), and Ukraine (5) four of the five poorest countries in the analysis. The poor live on $2 or less daily, low The erosion in the middle class might have been deeper if not for the fact that China which is home to more than one-third of the global middle class evaded an economic contraction, even though growth there was slower than anticipated. The reversal in global living standards in 2020 comes on the heels of notable progress earlier in the decade. In January 2020, the World Bank forecasted that South Asia would experience a 4.3% increase in gross domestic product (GDP) per capita in 2020. East Asia and the Pacific is the only region in which growth is estimated to have stayed positive in 2020, with GDP per capita inching up by 0.4% even after the onset of the pandemic. You can be considered middle class in one country and at the same time, be classified as a lower class or upper class in another. It also depends on the size of your household and where youre located. The middle class is generally made up of people who fit some combination of the three. For the higher income brackets, 15% are considered upper-middle-income and 7% high income. In proportional terms, the drop off in the high-income tier is also notable in Latin America and the Caribbean (15%), Europe and Central Asia (12%) and East Asia and the Pacific (12%). On the political front, the U.S. National Intelligence Council ( 2012) has described the growth of middle class in the developing world as a global megatrend and posited that as Decades of economic development have fueled a massive increase in incomes in China. Over the last few decades, the middle class has grown into one of the primary forces sustaining the global economy. In Ironically, this bolstered the global middle-income population as people in advanced economies slipped down the ladder from higher income tiers. Washington Post. A new global middle class is rising up from poverty in emerging economies around the world, providing competition for labor and resources, but also enormous promise for Survey researchers working with data from the World Values Survey, the Afrobarometer, the Latinobarometer, the Latin American Public Opinion Project, and other sources have typically found broad international support including support in poor nations for many key features of democracy, such as individual rights and free and fair elections. A middle-income, or middle-class, threshold of $10 follows the practice of other researchers. The assignment to a group, or income tier, is based on a households daily per capita income or consumption, a simple way of controlling for differences in household size. Middle-class respondents in many countries are more likely to consider global warming a very serious problem; and they are more likely to say that pollution is a very big problem for their country. February 28, 2017. For decades, social scientists have argued that development leads to changes in public attitudes and societal values. South Asia, with a total population of 1.86 billion, was expected to be home to 104 million poor. Theres no set way to define the middle class. Accessed December 08, 2022. https://www.statista.com/statistics/255591/forecast-on-the-worldwide-middle-class-population-by-region/, Brookings Institution. Brookings Institution. All times are ET. Gina LaGuardia has more than 25 years of experience in senior editorial roles, and is an expert in personal finance topics, including banking and lending. Use our site search. "Income and Poverty in the United States: 2020." We enable our clients to navigate the increasingly complex global environment, to analyse political and economic developments, forecast economic trends, and understand country-specific regulations and business practices. They typically have more college education than lower-income classes, and have white-collar jobs such as managers, administrators, lawyers, and accountants. Underpinning the technology and interoperability that makes mobile work, via our global working groups, projects, services and promotional activities. In Germany and France, for instance, the most advantaged tenth of the population receives 1.1 times more than the bottom 40%. "The Growing Size and Incomes of the Upper Middle Class." "Most Americans Say There Is Too Much Economic Inequality in The U.S., But Fewer Than Half Call It a Top Priority. The Fed describes those doing better than the middle class as thrivers and those doing worse as stragglers. If youre in the middle class, you typically have enough disposable income for things such as dining out, vacations, and entertainment. Underpinning all that we do are five core The pandemic is estimated to have erased a year of growth, leaving the global middle-class population nearly unchanged from 2019 to 2020. In view of these magnitudes, the estimated loss (relative to pre-pandemic expectations) of 32 million people from the middle class in South Asia is notable for two reasons. This massive shift was largely due to poverty rising in South Asia, East Asia, and the Pacific. The terms income and consumption are used interchangeably for the sake of convenience. 1996-2017 The For 2020, this meant you were middle class if you made $39,479 to $109,732, which is slightly different from Pew Research Centers range. Nearly everywhere, wealthy people tend to be more satisfied with their lives. Currently, you are using a shared account. A vast majority of the global high-income population lives in advanced economies, and this group of countries also experienced a sharp downturn in 2020. A new tool can calculate your standing in the world. Previous Pew Global Attitudes research has shown a clear link between wealth and religiosity at the country level as a countrys overall wealth increases, its level of religiosity generally declines. She holds a Bachelor of Science in Finance degree from Bridgewater State University and has worked on print content for business owners, national brands, and major publications. Click on the conversation bubble to join the conversation. The birth of the middle class, in some respects, has been linked to federal funding and support through programs such as the G.I. Please create an employee account to be able to mark statistics as favorites. LObservatoire des Ingalits, an independent French research body which examines social inequality and carried out the study, deduced that in the U.S., the richest 10% of people receive 1.8 times the income that goes to the poorest 40% (after taxes and social benefits). The interplay among these many factors is examined in studies by Hout (2007) and Savage et al. Thus, many who are poor by the U.S. definition would meet the global middle-income standard or, conversely, many who are in the global middle class would be poor by U.S. standards. All dollar figures are expressed in 2011 prices and purchasing power parity dollars, currency exchange rates adjusted for differences in the prices of goods and services across countries. Either they work more hours to make more money, leaving less leisure time; or they sacrifice money for more time with family, lowering their lifetime earnings and chances of having adequate financial security. An earlier Pew Research Center report discusses the choice of income thresholds in greater detail. Investopedia does not include all offers available in the marketplace. But a forthcoming McKinsey Global Institute analysis of global flows tells a more nuanced story. You need at least a Starter Account to use this feature. Do I Qualify for a Tax Credit for Health Insurance? As reported by Fast Company, the Pew Research shows that the Covid-19 pandemic appears to have reversed the decade-long trend of people moving into the middle class around the world. Second, the percentage decrease in South Asias middle-income population from what was previously expected (26%) is much greater than in any other region. U.S. Department of Health and Human Services. The Pew study classifies middle income people as those who live on $10.01-$20 a day, which translates to an annual income for a family of four to about $14,600 to $29,200. By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. This is much higher, at 1.8, than other western countries in terms of inequality. If you are an admin, please authenticate by logging in again. Those in the middle class have enough disposable income to afford minor luxuries like vacations or restaurants, but also rely on borrowing for big-ticket items like homes and cars. In an influential 1959 article, the political sociologist Seymour Martin Lipset found that wealthier countries had a higher likelihood of sustaining democracy; writers, researchers, and policymakers have been debating his findings ever since. You only have access to basic statistics. WebThe Global Terrorism Database (GTD) is an open-source database including information on terrorist events around the world from 1970 through 2020 (with annual updates planned for the future). The term has historically been associated This meant you were considered middle class if your gross annual income was between $32,580 and $108,600 and you had a household size of three. Theres no set way to define the middle class. The term "middle class" itself has shifted in meaning over time, having once referred to persons who had the means to rival nobles to the contemporary meaning that is more akin to the upper end of the working class. Income is also adjusted for relative purchasing power in the country selected using the World Banks most recently available PPP conversion factors. Meanwhile, the number of poor is estimated to have been 131 million higher because of the recession. Suzanne is a researcher, writer, and fact-checker. By 2030, middle class households are expected to spend even more, an estimated $62 trillion or 50% more It should be noted that the global cutoff for the high-income tier more than $50 a day is not much higher than the median income across advanced economies, as an estimated 40% of the population in these countries is in the global high-income tier. U.S. Census Bureau. There are many different ways to define the middle class. "Are You In The American Middle Class? The steep rise in global poverty is driven by the fact that many who were in the low-income tier prior to the pandemic lived on the margin of poverty. Although East Asia and the Pacific shed 19 million from the middle-income tier, that represented only 3% of its middle class. Through their aspirations you know, the house with the white picket fence, the occasional family vacation and a few other things. From 2011 to 2019, the global middle-class population increased from 899 million to 1.34 billion, or by 54 million people annually, on average. There are also double-digit gaps between the middle class and poorer respondents in the Latin American nations of Mexico and Venezuela, as well as in another largely Catholic nation, Poland. statistic alerts) please log in with your personal account. Life satisfaction tends to be higher in wealthy countries; and in developing countries, it tends to be higher among wealthy people.4 So it is not too surprising that members of the global middle class tend to be more satisfied with their lives. Measures like this are useful because they provide a Search the most recent archived version of state.gov. From 2011 to 2019, Pew recorded that there was strong growth in the size of the global middle class, driven in no small part by China, which grew by 436 million people. Likewise, if youre in the middle class in another country, you could be considered a lower-income class in the U.S. "61 Percent of U.S. Population Now Lives Paycheck to Paycheck.". The focus is on the distribution of people across five income tiers in 2020: poor, low income, middle income, upper-middle income and high income. In the years following World War II, proponents of what came to be known as modernization theory contended that in societies throughout the world economic growth could lead to an embrace of democratic values and ultimately democratic governments. Morningstar, Inc. All Rights Reserved. We also reference original research from other reputable publishers where appropriate. "The Pandemic Stalls Growth in the Global Middle Class, Pushes Poverty Up Sharply." Asia is expected to have accounted for most of the shrinking of the global middle class in 2020, with the middle-class population falling by 32 million in South Asia and by 19 million in East Asia and the Pacific. China accounted for over half of the global population for middle-class wealth in 2017. --John Russo,Visiting Scholar, Kalmanovitz Initiative for Labor and Working Poor at Georgetown University, Co-editor, Working-Class Perspectives "Joel Kotkin's The Coming of But being middle class can connote more than income, be it a college education, white-collar work, economic security, owning a home, or having certain social and political values. Roughly half (51%) of middle-class Russians considered honest, competitive elections very important, while just 37% of those with lower incomes held this view. Does $60,000 make you middle-class or wealthy on Planet Earth? Incidentally, LObservatoire des Ingalits also has a calculator for determining which percentage of French workers earn more or less than you doby putting in your net, monthly income in euros, it will calculate (based upon 2018 data) where someone stands. Theyre also characterized by their education, occupational status, and goals. The middle class is also more likely to think their lives will warrant a high rating in the future. In Bulgaria, a 34-percentage-point gap was recorded on this question 56% of those in the middle class said their lives would merit a 7-10 in five years, while only 22% of poorer Bulgarians said their lives would be near the top of the ladder. When asked to place themselves on a ladder of life, where zero represents the worst possible life and 10 the best possible life, roughly half (49%) of the South African middle class rated their current life at least a seven, but only 24% of their poorer countrymen rated their lives as positively. Numbers, Facts and Trends Shaping Your World, The Pandemic Stalls Growth in the Global Middle Class, Pushes Poverty Up Sharply, controlling for differences in household size, The erosion of the middle class is centered in Asia, the rise in poverty in Asia and Africa, Many in Western Europe and U.S. Want Economic Changes as Pandemic Continues, In the pandemic, Indias middle class shrinks and poverty spreads while China sees smaller changes, In Taiwan and across the region, many support closer economic ties with both U.S. and mainland China. This research is closely tied into previous research by theLObservatoire des Ingalits, who discovered how much income you need to earn to be considered rich in France. Statista. Americas middle class is in a tight spot, squeezed between the disappearing wealth Americans squirreled away during the pandemic and projected layoffs at the hands of a looming recession. He was the father of Marxism. What the data says about gun deaths in the U.S. What the data says about abortion in the U.S. The Middle East and North Africa and East Asia and the Pacific are each estimated to have seen increases in poverty of more than 20% due to the recession. In three countries (China, India and Indonesia), the rural and urban regions of those countries are listed and calculated separately, to more accurately capture the disparities between rural and urban wealth in those nations. It conducts public opinion polling, demographic research, media content analysis and other empirical social science research. The middle class has truly taken off, and for about 2 billion people in developing countries, middle-class living standards are now the norm. ", Brookings Institution, Forecast of the global middle class population from 2015 to 2030, by region (in millions) Statista, https://www.statista.com/statistics/255591/forecast-on-the-worldwide-middle-class-population-by-region/ (last visited December 08, 2022), Forecast of the global middle class population from 2015 to 2030, by region, Available to download in PNG, PDF, XLS format, Combined GDP of G7 vs E7 countries in 2015 and 2050, Top ten counties worldwide with greatest average annual GDP growth 2016-2050, Top ten countries worldwide with highest GDP in 2050, Worldwide wealth distribution by net worth of individuals 2021, Forecast of the global middle class population 2015-2030, Distribution of global income ranges in 2035, by region, Projected world population distribution, by age group 2022-2100, Number of children aged 0-14 globally 1950-2100, Top 30 most urbanized countries worldwide in 2018, Degree of urbanization 2022, by continent, Top 10 most populous megacities worldwide in 2030, Top 25 most urbanized countries worldwide in 2050, Top 10 countries with projected decline in rural population by 2050, Change in urbanization worldwide, by region 1950-2050, Change in urbanization worldwide, by urban area size 1970-2035, Share of urban population 2000-2050, by region, Forecast on connected devices per person worldwide 2003-2020, Number of mobile connections worldwide 2010-2021, Internet of Things spending worldwide by vertical 2015 and 2020, Spending forecast - global market for robotics and drones 2020/2023, Global industrial robotics market - CAGR by robot type 2021-2028, Number of factory automation devices worldwide 2012-2018, Number of process automation devices globally 2012-2018, Top 10 artificial intelligence use cases by cumulative revenue worldwide 2016-2025, Worldwide investment in clean energy 2004-2019, Global renewable energy investments 2019, by region, Global renewable energy consumption 2021, by country, Share of renewables in global power production 2007-2021, Renewables generation capacity outlook 2020-2050, by source, Global long-term oil demand outlook by region 2021-2045, Global oil products demand outlook 2020-2045, Global land and ocean temperature anomalies 1880-2021, Global climate-related impacts on GDP by region 2050, Annual global investment required to fund sustainable development from 2000 to 2050, Cities with emissions reduction targets by region 2016, Regional drinking water coverage worldwide 2020, by water source, Global urban and rural drinking water coverage 2020, by water source, Global regional freshwater withdrawals forecast by sector 2050, Prevalence of undernourishment worldwide 2005-2021, Population of people living outside their country of birth, 1960-2015, Percentage of people living outside their country of birth worldwide, 1990-2015, Global population growth due to migration from 2015 to 2100, by regional development, New displacements due to armed conflict and violence worldwide 2003-2021, Percentage of countries regarded as free 1989-2021, Regional United Kingdom (UK) population forecast: East of England 2016-2041, Population forecast for London (UK) 2019-2041, by gender, Regional United Kingdom (UK) population forecast: South East of England 2016-2041, Regional UK population forecast: North East England 2016-2041, Regional United Kingdom (UK) population forecast: South West of England 2016-2041, Regional United Kingdom (UK) population forecast: North West England 2016-2041, Regional United Kingdom (UK) population forecast: Yorkshire and The Humber 2016-2041, Regional United Kingdom (UK) population forecast: the East Midlands 2016-2041, Regional United Kingdom (UK) population forecast: the West Midlands 2016-2041, Number of middle class population in China 2002-2020, Projection of population Japan 2021-2115, by gender, Global share of China's middle class consumption 2015-2030, Romania's population in 2020 with a forecast until 2050, by county, Most common activities at home among new middle-class in China 2020, China's share of the global wealth middle class 2000-2020, Most important factors in designing living room among new middle-class in China 2020, U.S. metropolitan areas with the lowest middle-income population 2014, Opinion on the most powerful class in Great Britain 2017, Forecast of the global middle class population from 2015 to 2030, by region (in millions), Find your information in our database containing over 20,000 reports, Find a brief overview of all Outlooks here, Tools and Tutorials explained in our Media Centre, highest number of individuals belonging to the top one percent of wealth holders, assets valued at less than 10,000 U.S. dollars, China accounted for over half of the global population for middle-class wealth. 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