DailyMarkets.com - The Global Middle Class Is 50% Bigger Than We Thought, Using A New Measure: Car Ownership

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The Global Middle Class Is 50% Bigger Than We Thought, Using A New Measure: Car Ownership Posted: 20 May 2012 05:19 PM PDT From Foreign Policy, an article highlights an interesting new measure of middle-class prosperity: passenger car ownership:   “The swelling middle class in emerging economies is transforming the economic balance of power across the globe. Measuring it, however, is no easy task. There is no widely accepted definition of what constitutes the middle class, and the most common ways of measuring its growth — through looking at rises in income — suffer from a number of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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