The Rising Influence of Rising Affluence

[DewDiligence]

Re: Mexico’s middle class

http://online.wsj.com/article/SB10001424052970203986604577257341514055760.html

In a recently released book, Mexico: A Middle Class Society, Mexican economist Luis de la Calle and Mexican political scientist Luis Rubio describe a nation where many politicians still think of the electorate as rural and poor but where consumption patterns reveal a trend toward urbanization and upward mobility. Judging by family incomes but also by things like housing rental and ownership, appliance purchases, Internet access and trips to the cinema, they argue that today the middle-class population is the majority in Mexico.