...last month marked the tipping point where 50% of the world’s population achieved enough discretionary income to attain “middle-class” status. Most of this change has taken place in the last few decades.
For the first time in history, most humans live above the poverty line. In this Brookings article, the authors say, “Barring some unfortunate global economic setback, this marks the start of a new era of a middle-class majority.”
...Compared to Europe and Asia, the US birthrate is still relatively high, at about 1.8 children per woman. At least 2.1 births are required for population replacement, and Europe and China are at about 1.6 births per woman. Within a generation, most of the world will be below replacement fertility rate.
No comments:
Post a Comment