NEW YORK — The global economy and the consuming class will continue to grow by 2025 as worldwide spending increases twofold in the next decade.
At a presentation for the Luxury Marketing Council here Thursday night, Anne Martinez, knowledge expert at McKinsey & Co., said: “Between the years 1990 and 2010, the consuming class — that is, a household that makes at least $10 a day for spending — has doubled to 2.4 billion. If we look at what will be projected in 2025, we see that this is going to double again.”
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"