Half the world's population is now middle class or richer

[fleischr]

CosmicSex said:

SpokenTruth said:

Spending, not earning, spending.  There is a huge difference between the two.

I know.  There is no way in the world that spending $147,000 a year would make you rich though.  I was in downtown Manhattan last weekend and I can tell you thats not rich by any standards. 

Wealth operates on a very, very different scale in downtown Manhattan compared to the rest of the US and the world for that matter. It may not make you rich compared to Manhattan, but it makes you a lot wealthier than the rest of the US and the world.