Fewer people in America were middle-class in 2021 than 1971
网页2022年4月27日 · The share of adults ages 65 and older in the lower-income tier fell from 54% in 1971 to 37% in 2021. Their share in the middle class rose from 39% to 47% and their share in the upper-income tier increased from 7% to 16%. However, adults 65 and older are the only age group in which more than one-in-three adults are in lower-income …
The new order of business travel - The World Economic Forum
网页2022年11月1日 · It is possible to reduce your carbon footprint when flying. Business travel was one of the biggest casualties of the pandemic, and remote and hybrid work are bringing its future into question. Travel remains an important way for people to connect, but aviation accounts for 2-3% of global emissions. Travelling economy class has half the CO2 ...
Where is China’s economy headed? | World Economic Forum
网页2024年6月27日 · The World Economic Forum’s Chief Economists Outlook: May 2024, a survey of top economists around the world, also found that analysts broadly expect further growth in China. Of the economists surveyed in the report, nearly 75% said they expect moderate growth in China. The figure marked an increase from the 69% who expected …
US household income distribution data, shown in one chart
网页2022年7月6日 · The middle class in America has shrunk significantly in the past 50 years, going from 61% of adults being middle income in 1971 to 50% in 2021. Here’s a look at the economic class breakdowns by annual household income, based on households with three people (Note: the average U.S. household has 2.6 people): Upper class: >$156,000.
What is the gig economy and what's the deal for gig workers?
网页2021年5月26日 · The gig economy uses digital platforms to connect freelancers with customers to provide short-term services or asset-sharing. Examples include ride-hailing apps, food delivery apps, and holiday rental apps. It’s a growing segment, bringing economic benefits of productivity and employment. But it also raises questions about levels of …
How is the Fourth Industrial Revolution changing our economy?
网页2019年11月26日 · More advanced economies such as Europe and Japan see their middle-class markets growing by 0.5% each year. Rising economies, namely China and India, are expanding their middle classes at 6% each year. Perhaps most striking, however, will be the maturity of Asia’s middle class, which will soon constitute 88% of the world’s entire …
An economist explains what COVID-19 has done to the economy
网页2020年9月25日 · COVID-19 has caused an economic shock three times worse than the 2008 financial crisis. Europe and emerging markets have been hit hard economically, China has escaped a recession. But the worst could be behind us, and a greener economy could emerge after the pandemic, according to the Chief Economist at IHS Markit. Subscribe …
8 things you need to know about China’s economy
网页2016年6月23日 · China experienced an average GDP growth of close to 10% per year until 2014, raising per capita GDP almost 49-fold, from 155 current US Dollars (1978) to 7,590 US Dollars in 2014, lifting 800 million people out of poverty – an unparalleled achievement. In urban centres in China, poverty has been virtually eliminated.
How women will drive the revival of the middle class
网页2020年11月11日 · The small gains that middle-class households have managed to make during this period – averaging about 1.3% in income growth per year – are almost entirely attributable to women. In fact, had women’s contribution to household income stayed flat, the average middle-class income would have only risen by $1,082 between 1979 and 2018.
A global tipping point: Half the world is now middle class or …
网页2018年10月5日 · So September 2018 marks a global tipping point. After this, for the first time ever, the poor and vulnerable will no longer be a majority in the world. Barring some unfortunate global economic setback, this marks the start of a new era of a middle-class majority. We make these claims based on a classification of households into those in …