By  on January 31, 2014

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.”

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