July 2025
How the consumer class continues to rise, against the odds
Despite turbulence, the global consumer class keeps growing and has passed 4 billion people. By Juan Caballero and Ana Sampaio.

VP Insight & Data · World Data Lab
Juan Caballero is the head of insights and analytics at World Data Lab. He is an economist and holds a master's degree from the University of Cambridge. Juan is also an external professor of Data Science and Machine Learning at the Vienna University of Economics and Business.
In the media
On the blog
July 2025
Despite turbulence, the global consumer class keeps growing and has passed 4 billion people. By Juan Caballero and Ana Sampaio.
February 2025
Gen Beta, born between 2025 and 2038, will be the most urbanised generation ever and will make up 18% of the world population by 2050. By Juan Caballero and Marco Fengler.
July 2023
The world reached 4 billion consumers in June 2023, with Asia contributing most of the next billion. By Wolfgang Fengler, Homi Kharas, Juan Caballero, and Luis Simoes.
June 2022
Asia's share of the global consumer class passed the halfway mark, with South Asia driving the next decade of growth. By Wolfgang Fengler, Homi Kharas, and Juan Caballero.
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