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"The rise of those currently reaching affluence will have global implications".
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Can India reach affluence within a generation?
Now they are causing money managers to take notice as the activist generation of the 1960's and 70's has reached affluence.
One in five Americans will reach affluence, at least temporarily, according to the Associated Press.
We are reaching end times for Western affluence.
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.
This surge in affluence led to a 20% increase in the number of millionaires worldwide, reaching 16.3 million in 2013 from 13.7 million in 2012.
"Analyses of survey data have repeatedly shown that, once a society reaches a particular level of affluence, further increases in material wealth produce very limited changes in people's self-reported happiness".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com