New Report from Pew Research Center Say’s There May be Little Change in the ‘Global Middle Class’

New Report from Pew Research Center Say’s There May be Little Change in the ‘Global Middle Class’If you thought that the economic status of the people all around the world was improving rapidly with the advent of technology and improved trade then you might just have mistaken. The wealth gap between the rich and the poor nations still continues to be wide but a 'Global middle class' might just be on the rise.

A recent study showed that the surge in economic growth has remained strong in very few regions of the globe and has failed to give a huge number of people a middle class status.

A recent report from the Pew Research Center called, "A Global Middle Class is More Promise than Reality" shows that although recently there has been quite an improvement at the bottom rung of the economic ladder but only thirteen percent of the population around the world can be classified as "middle class."

Rakesh Kochhar, an author of the report and an associate director for research and an economist at the Pew Research Center said, "If we look at the income distribution of the world population the vast majority is living [on] $2-$4 per day."

Some nations have made better progress than the others. For example, India, which earlier in 2001 had only one percent of its population classified as 'middle class'' has seen the number jump to three percent in about a decade's time. However, it's not heartening news when compared to the fact that an average person in the county lives on a mere income of $3 per day.

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