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The middle-class share of national income has fallen, middle-class wages are stagnant, and the middle class in the United States is no longer the world’s wealthiest.

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The standard of living in India shows large disparity. a rural middle class is now emerging in India, with some rural areas seeing increasing prosperity.

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class’. By all reasonable estimates, the strength of the middle class in India is bigger in size than the entire population of many nations.

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The current size of the income-secure middle class and its likely future growth, suggest that optimism is indeed warranted for many of today’s middle-income countries.

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