For a decade now there has been a growing refrain about the rising middle class across the globe. The global middle class is currently made up of 2.3 billion people who spend about $7 trillion annually.
Economists and business analysts tend to define middle-class status simply in monetary terms, lab
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
BusinessDay
Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more