Editor's note: The Brookings Brief will be on a short hiatus for the Thanksgiving holiday in the United States. Look out for the next edition on Monday, November 27.
For two centuries, joining the middle class has been a ticket to the good life. Thanks to progress made globally, upwards of 4 billion people now enjoy a middle-class or better lifestyle. But cracks are emerging and more people are growing dissatisfied. Amid a changing workplace and deteriorating environment, the two pillars of middle-class life satisfaction are shaking.
In a new commentary, Homi Kharas discusses the growing threats to a middle-class lifestyle and the changes that must be made to maintain it.
The growth of the middle class has fueled an unprecedented global transformation, but the group is facing daunting challenges. In his new book, Homi Kharas traces the history of the middle class and proposes a new manifesto that addresses the pressing issues of inequality, climate change, and technological advances.
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