Random readings on society, politics and change – Jorge Carrillo
Until the turn of this century, population growth generated more than half of all global consumption. But between 2015 and 2030, three-quarters of global consumption growth will be driven by individuals spending more. This shift has profound implications for companies. What’s now important are emerging demographics: the latest report from the McKinsey Global Institute (MGI) finds that nine groups will generate three-quarters of global urban consumption growth to 2030
These three demographic groups alone will generate half of all global urban consumption growth through 2030: 1. The retiring and elderly in developed economies; 2. China’s working-age population; and, North America’s working-age population
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