The world is changing its socio-economic landscape. By doing so, the phenomenon of a growing middle-class appears. Both … household surveys and growth projections suggest that only about one-third of the global middle class is based in Asia. However …, between 2009 and 2017, the global middle-class has increased from 1.8 billion to 3.5 billion, whereas 40 percent are located …

This working paper utilizes income data to evaluate the claim that in the United States a middle class existence has …

This paper documents the share of investable wealth that middle-class U.S. investors hold in the stock market over …

The world is changing its socio-economic landscape. By doing so, the phenomenon of a growing middle-class appears. Both … household surveys and growth projections suggest that only about one-third of the global middle class is based in Asia. However …, between 2009 and 2017, the global middle-class has increased from 1.8 billion to 3.5 billion, whereas 40 percent are located …