Global poverty is decreasing: the world’s middle class population will grow the fastest, they will spend the most

By 2030, the world’s middle class population will grow the fastest. With the increase in their population in 2030, the global spending will also increase. That is, poverty will decrease. This claim has come to the fore in a Brookings Institute study. The Brookings Institute divides the middle class into two parts. By 2030, the largest share of the population will be from the lower middle class. This family will spend the most.