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Can India reach affluence within a generation?
One in five Americans will reach affluence, at least temporarily, according to the Associated Press.
"The rise of those currently reaching affluence will have global implications".
People consume more services not when technological advance lowers their price but when they have reached a level of affluence that satisfies most of their other needs.
As more Millennials have reached higher levels of affluence, they've started to take more exotic trips.
Such values begin to gain ascendancy when affluence has reached a certain level and when a generation has gained dominance which formed those values in their youth.8 A global survey spanning more than 35 years showed that post-material values are currently most prevalent in the Nordic countries, and are most popular among young people.
In fact, it's a clear sign that we have reached a level of affluence not seen since Caesar.
We got a glimpse of this attitude after WWII when Daniel Bell and others argued that our socio-economic system had reached such a level of success and affluence that all problems had become mere technical ones.
It looked as if a consensus had been reached on putting economic policy and the headlong pursuit of affluence ahead of ideology and politics.
When S.U.V.'s reached that weight, the tax code started feeding the desire of some buyers to flaunt chrome-plated affluence.
We are reaching end times for Western affluence.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com