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April 8, 2021 | Millions Tumble Out of the Global Middle Class

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel ( Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog:

Even as many global stock and commodity markets have rebounded above pre-pandemic levels in recent months, economic recovery is far from globally synchronous.  Costs of the pandemic and worst economic downturn since the 1930s are continuing to compound.

The emergence of a global middle class has been one of the most significant trends in the past few decades. But, that phenomenon has been upended by the Coronavirus pandemic. The demographic shrank last year for the first time since the 1990s with about 150 million people falling out of the global middle class, down the socioeconomic ladder. Here is a direct video link.

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April 8th, 2021

Posted In: Juggling Dynamite

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