If I were your Creator I'd be miffed at the amount of pride, arrogance, and complacency in that declaration.
Overall, that statement may be correct.
For the masses of population in India and China, their “abundance”, relatively, will increase dramatically.
Here in America, however, we’re in for a massive downward class migration. That’s not only individual slipping down a class rung or two, that’s the classes themselves slipping down in level of lifestyle.