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How to Profit From the Rising Global Middle Class

Thursday, September 14, 2017 4:34

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It’s one of the biggest trends in the world today… the rise of the global middle class.

All over the world, populations are earning more money. This is increasing disposable incomes and consumer spending… and improving living conditions in these countries.

We’ve talked a lot about this trend in China. But it’s also creating plenty of investment opportunities elsewhere…

The gap between developed markets and emerging markets is closing.

This growth means millions of people will be joining the middle class over the next 30 years… especially in India and China.

I’ve talked a lot about how China is seeing a massive middle-class boom… Back in 2000, just 4% of China’s urban population was considered middle class. By 2022, that figure will be a whopping 76% – or 550 million people. That would make China’s middle class big enough to be the third-most populous country in the world.

But India’s not far behind… According to the World Economic Forum, India’s middle class could grow larger than China’s by 2027.

The Brookings Institute – a non-partisan think tank – suggests that by 2030, two-thirds of the global middle class will be living in Asia.

And all of these new middle-class consumers plan on spending more money – a lot more.

By 2030, China’s average urban per-household disposable income is expected to double, according to consultancy McKinsey & Company. This will push Chinese consumer spending up 55% by 2020. That’s an increase of $2.3 trillion – which is like adding a new consumer market 1.3 times larger than the U.K.’s current consumer market.

Meanwhile, India’s average per-capita urban disposable income is expected to grow from around $1,000 in 2010 to around $3,700 in 2030. That might not sound like much if you live in the West. But it will drive Indian consumption to $4 trillion by 2025… making India the third-largest consumer market in absolute terms in the world – just behind the U.S. and China.

By 2030, Asia as a whole will account for nearly 60% of middle-class consumption. (To put that in perspective: In 2010, North America and Europe accounted for a little over 60% of middle-class consumption.)

What do people do when they suddenly get more money?

They spend more on leisure, health care, and looking good. But one of the biggest things they spend on is travel…

There’s massive pent-up demand for travel in places like China and India.

It’s similar to the pent-up demand that I remember seeing firsthand in Russia in the 1990s…

For decades, citizens of the former Soviet Union hadn’t been allowed to travel, except in special circumstances.

After the end of the Soviet Union in 1991, travel restrictions were eased. But it wasn’t until the economy stabilized years later, and people began to have more money, that international travel took off. Eventually, the then-emerging Russian middle class started to fly to European destinations on holiday – rather than to resorts in Russia and the former Soviet Union, which had been the extent of vacation options for their parents. Today, you’ll hear Russian spoken in tourist spots all over the world.

And similarly, almost anywhere in the world – from Auckland, to Paris, to Buenos Aires – millions of new tourists from China and India are changing the global travel industry.

China is set to pass the U.S. to become the world’s largest aviation market by passengers by 2024. And Chinese air passenger traffic will almost double to 927 million passengers a year by 2025 (compared to the U.S.’s 904 million by 2025). By 2035, the number will hit 1.3 billion.

Meanwhile, India is predicted to become the world’s third-largest aviation market by 2025. Indian air passenger traffic is expected to increase to 500 million passengers per year over the next 10 to 15 years.

In other words, tourism in China and India is booming.

But it’s only one of the industries set to profit from a rising global middle class.

As the world’s middle class grows – along with their disposable incomes – consumers will buy things at a rate never seen before. And smart investors know that if they invest properly, this is the type of trend that can make them life-changing amounts of money.

Good investing,

Kim Iskyan

Editor’s note: The growth in China and India is creating incredible opportunities right now. Kim’s newest publication, International Capitalist, is focused on exactly these kinds of “off the radar” investment ideas, happening in some of the most dynamic and fastest-growing economies on earth – ideas that could earn as much as 500% in a few months. Click here to learn more.

Source: http://www.stansberryresearch.com/dailywealth/3646/how-to-profit-from-the-rising-global-middle-class

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