Fully half of the world's population can be considered middle class or above! This milestone has never before been reached, and it is a sign that globally things are improving economically, if not politically or socially.
As of September 2018, an estimated 3.8 billion people now live in households that qualify as middle class or rich, according to an analysis by the Brookings Institute.Something to celebrate, for sure.
Researchers say it's a significant tipping point for humanity, marking the first time ever the poor and those on the verge of poverty are no longer a global majority.
"This is the period of the most rapid expansion of the global middle class that we have ever seen and that we will ever see," said Homi Kharas, a co-author of the report for Brookings in an interview with Dailymail.com.
"We’re adding something like a billion people to the middle class every seven years or so, which is really quite remarkable," he added.
