These are virtual greenfields that can and should be exploited. A lot of things need to be done at the country level too. In the case of India, for example, we need to bridge the infrastructure deficit, focus on social sector outcomes, improve governance and implement strategies for private investment and job creation.
Surveys suggest that many Americans believe being middle class means having a secure job and the ability to save.1 In recent decades, income growth for middle-income households has lagged behind that for high income households.2 In addition, economic resources differ markedly by race, education, occupation, geography, and other factors.