Prime Minister Harold Macmillan, in 1957 used the term ‘affluent society’ to describe the rising prosperity in Britain in those years. Does anyone know of any earlier reference to the term?
The Affluent Society is a 1958 book by Harvard economist John Kenneth Galbraith. The book sought to clearly outline the manner in which the post-World War II United States was becoming wealthy in the private sector but remained poor in the public sector, lacking social and physical infrastructure, and perpetuating income disparities. The book sparked much public discussion at the time, and it is widely remembered for Galbraith’s popularizing of the term “conventional wisdom.” Extracted from Wikipedia.