US affluent classes dwarf China and India

[xchrom]

http://timesofindia.indiatimes.com/business/international-business/US-affluent-classes-dwarf-China-and-India/articleshow/10269486.cms

LONDON: The United States has 10 times more affluent households than China or India, research shows, undermining arguments the global economy can be sustained by consumption in emerging markets.

A survey of affluent households around the world -- defined as having wealth of more than $100,000 -- by research firm TNS found 80 per cent of such people live in Western countries.

While the number of affluent households in China and India is 3 million each, the US has more than 31 million, the survey shows.

The results challenge hopes that the boom economies of Asia can supplant an ailing US as the world's consumer of last resort, and keep global growth ticking over.

[Cool Logic]

1. This is being reported as news...? Capitalism creates affluency...

In years 1000?1820 world economy grew sixfold, 50 % per person. After capitalism had started to spread more widely, in years 1820?1998 world economy grew 50-fold, i.e., 9-fold per person.<65> In most capitalist economic regions such as Europe, the United States, Canada, Australia and New Zealand, the economy grew 19-fold per person even though these countries already had a higher starting level, and in Japan, which was poor in 1820, to 31-fold, whereas in the rest of the world the growth was only 5-fold per person.<65>

http://en.wikipedia.org/wiki/Capitalism

[xchrom]

2. if only that was what the article was about. nt