The changing consumer
Asian Investor - UK
In emerging markets, there is an annual income threshold of around $6,000 where consumption explodes. Discretionary spending becomes possible, including travel and holidays,” explains Neele. And the number of people with this level of income is rising. The UN’s Population Division expects the number to rise from 2.5 billion now to more than 5 billion by 2030. …(29 June 2011)