It denotes a middle-class level of prosperity at which basic needs are comfortably met, with a bit to spare besides.
Almost 3 billion people in these countries will reach middle-class levels of consumption, opening vast new consumer markets.
In the longer run virtually all manufacturing faces an equalisation of factor prices due to the globalisation of trade, a process that will keep pushing American prices and wages well below our current middle-class levels.Edwin Reubens Emeritus professor of economics City University of New York Weston, FloridaSIR – The 1950s and 1960s were the high-water mark for the American worker.
With Tunisia's relatively large middle class, high level of education and secular culture, some here argue that their country is poised to become the first true Arab democracy.
It is doubtful that the planet could support several more billions of people at subsistence, much less middle-class levels.
David Madland argues in Democracy, "Studies across U.S. states, of the United States over time, and across countries all find that societies with a strong middle class and low levels of inequality have greater levels of trust of strangers".
The bank said the country was an attractive opportunity because of its expanding middle class and rising levels of domestic consumption.
These were wonderfully successful decades for the U.S., and the middle class reached unprecedented levels of prosperity.
And since Washington internships serve as a pipeline that brings policy makers into the nation's capital, some people fear that over the long term, internships will be another means, like the rising costs of college tuition, of squeezing voices from the working class and even the middle class out of high-level policy debates.
Most respondents with PD were likely to be members of charities whose membership tends to be white, middle class and to have higher levels of education.
During past periods of recovery, the lower and upper halves of the middle class shared the same level of economic optimism.
