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Another 50 million Consumers in Latin America

Categories: Caribbean
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Published on: 2012/11/15

From CentralAmericanData and the World Bank

Another 50 million Consumers in Latin America – CentralAmericaData :: The Regional Business Portal.

Another 50 million Consumers in Latin America

In just six years the number of people in Latin America with middle class purchasing power increased from 103 to 152 million.

Tuesday, November 13, 2012

Beyond showing the extraordinary achievement that it means to have taken 50 million out of poverty, the report “Economic Mobility and the Rise of the Latin American Middle Class”, by the World Bank, points clearly to one of the fundamental reasons for global investor interest in the countries of the region: it has 50 million more consumers.

The report defines people the middle class as those people with incomes of between $10 and $50 per day. This income level offers greater resistance to unexpected events and reflects a lower chance of falling back into poverty.

The report found that some of the key factors that promote upward mobility in Latin America were higher levels of education among workers, most jobs being in the formal sector, more people living in urban areas, more women in the workforce, and smaller families.


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