According to Bloomberg News, according to a new study, by 2030, more than 1 billion Asians will join the ranks of the global middle class.
According to data from the World Data Lab, the middle class refers to a family with a per capita daily income of between US$11-110 and currently there are approximately 3.75 billion people in the world.
Data shows that China and India, two populous countries, will account for three-quarters of the new population (about 750 million people).
In addition to the rapid growth of the middle-class population in China and India, the regions with the fastest growth in the global middle-class population in the next ten years will also include: Indonesia, Pakistan, Bangladesh, the Philippines, Egypt, the United States, Vietnam, Brazil , Mexico.
Research predicts that although the new crown epidemic may pause the transformation of the world economic demographic structure, it is difficult to change this trend.
In addition, the study said: Asian countries already account for more than half of the world's middle class, but their consumption expenditures only account for 41%; By 2032, this proportion will exceed 50%.
According to forecasts, in less than 10 years, China will add 340 million middle-class It looks incredible, but it's not unrealistic.
From the perspective of economic development, according to the current economic development trend in China, if there are not too many uncontrollable factors interfere, more people will enter the ranks of the middle class.
At the same time, this is also related to national strategy. Improving the proportion of middle-income groups is exactly what China is striving for, including the recently discussed topic of shared wealth, which also points to this goal.
Achieving common prosperity means getting rich first and getting rich later. In addition to increasing the income of low-income people, reasonably control the "wealth of the rich" has become the key here.
Although common prosperity will not eliminate the income gap, For high-net-worth individuals and families, the future personal &family&corporate wealth and assets will undoubtedly face more diversified planning needs, and doing well in wealth inheritance and tax planning is becoming more and more important.
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Source: World Data Laboratory
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