Public Sector

The future of the middle classes: technology and demographics will bring change, but they will not disappear

In recent years, numerous articles have appeared discussing the possible end of the middle class in advanced countries. Is there any truth to this? Estimates made to date (see first chart) foresee that the relative weight of the middle classes will continue to gradually decline in advanced economies. In this article, we focus on two key aspects that emerge when seeking to analyse the future evolution of the middle class: technological change and demographic trends. On technological change The impact of technological change on the economy, and on the middle...