The Rate of High Income in Asia Will Surpass Europe or US by 2040
The number of people in the highest bracket, that spend over USD110 every day, is expected to rise from 27m in 2021 to 50m by 2030e and balloon to 164m in 2040e.
The Upper-middle Class’s Rise Drives the Asian Consumer Market’s
Over the next few decades, the world, and Asia in particular, will undergo significant demographic shifts. As for Asia, the region will become considerably older, wealthier, and households will continue to get smaller.
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