Long Term Trends Among High-Income Earners in BRIC

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The high-income population in the BRIC countries of Brazil, Russia, India and China – defined as population with an annual gross income of US$150,000+ – is expected to continue to grow strongly in the long term, expanding by 195% over 2014-2030. However, their share in the population aged 15+ will decline, reflecting the robust expansion and growing incomes of the BRIC middle class. This highlights the rising potential for affordable luxury goods and services in key emerging markets.