The Global Middle Class Boom: A Double-Edged Sword for Consumption and US Inflation.
In a world that’s rapidly evolving, one of the most transformative shifts has been the explosive growth of the global middle class. Over the last 25 years, approximately 500 million people have crossed into this income bracket—earning above $50,000 in today’s dollars. This surge mirrors poignant examples like India’s Interior Minister’s observation from a decade […]
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