There are 3.7 billion people in the global middle class ($11-110 per day in PPP). This is 48% of the world’s population. An additional 190 million (2.5%) are richer than global middle class. The world population is 7.65 billion. The wealthy and the middle class are 3.9 billion today. World population will reach 8.5 billion in 2030.
The global middle class and the world population in general is dominated by Asia. Asia currently has 4.5 billion people and there will be 4.92 billion people in Asia in 2030.
The U.S. dominates the global rich. In 2016, rich households in the U.S. made up 61 percent of the global number, and they spend almost two-thirds of total consumption by rich households. This dominance is likely to persist. Even with a growing number of rich households in other countries, the U.S. should still account for over 50 percent of rich household spending by 2030.
There are 1.75 billion global middle class in Asia today and there will be 3.5 billion global middle class in Asia in 2030. Asia will go from having 39% of its population as global middle class today to 71% of the Asian population will be global middle class in 2030.
Asia will soon be 50% of the total global middle class and by 2030 will be 65% of the global middle class population.
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.