Smith Barney Covers the Emergence of the Global Middle Class

Smith Barney – Asian Affluence: The Emerging 21st Century Middle Class, June 2011 (27 pages)

Global spending by the global middle class will rise from $21 trillion in 2011 to $56 trillion in 2030. 80% of the demand growth will come from Asia.

1.8 billion global middle class in 2009. 3.2 billion estimated for 2020 and 4.9 billion in 2030.

A prior 61 page paper on the emerging global middle class

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