One of the great questions facing China is whether or not its economy can continue to produce the rapid gains in welfare for its giant population that the country has witnessed over the past 30 years.

The middle class has been shrinking. In 1971, 61% of American households were considered to be middle class, and that number has dropped to 50% three decades later, a Pew Research Center analysis ...

According to the Pew Research Center, approximately half of all American households are considered to be part of the middle class. This equates to roughly 165 million people. Typically, people in the ...

You're pulling in six figures. By any standard, that should mean comfort, security, maybe even a little luxury. Yet somehow, you're struggling to save, your rent devours half your paycheck, and the ...

Several factors make it more challenging to maintain middle-class lifestyles than it was at the turn of the century. The (current state of the) economy and inflation are two of the biggest challenges.

The concept of the middle‐income trap (MIT) continues to pose significant challenges for countries undergoing rapid industrialisation and economic reform. This phenomenon refers to the stage where ...