Fascinating report from OECD on biggest group in the middle and their collapsing prosperity. See how the #MiddleClass are being squeezed in OECD countries Millennials are falling out of the middle class all over the world So much of news is about the extremes of wealth and deprivation. Are you #MiddleClass? Find out here with our income calculator Housing prices have increased three times faster than middle incomes. Governments must act to help the struggling #MiddleClass In many countries there is a MiddleClass bias: more people think of themselves as part of the middle class than what their socio-economic conditions would suggest.Main findings / Résumé et vue d'ensemble (en français).Summary (2-pager) / Résumé (2 pages, en français).Communiqué de presse : Les gouvernements doivent prendre des mesures pour aider la classe moyenne en difficulté.Press release: Governments must act to help struggling middle class (also in Japanese).The views expressed herein can in no way be taken to reflect the official opinion of the European Union. This report has been produced with the financial assistance of the European Union. Nonetheless, this figure was higher among middle and upper middle income at 47 percent and 62 percent, respectively. Protecting middle-class living standards and financial security in the face of economic It alsoĭiscusses policy initiatives to address the concerns raised by the middle class, by (in the plural) the groups in society composed of highly educated professionals and middle managerial level workers. The trends of middle-income households through dimensions such as labour occupation,Ĭonsumption, wealth and debt, as well as perceptions and social attitudes. This report sheds light on the multiple pressures on the middle class. The calculator also uses the Urban Institutes definition of middle class, which includes households that earn between 150 and 500 of the federal poverty level. Middle classes have reduced their ability to save and in some cases have fallen intoĭebt. ![]() Lifestyle, have risen faster than earnings and overall inflation. ![]() Of some goods and services such as housing, which are essential for a middle-class Jobs that used to be carried out by middle-class workers a few decades ago. Technology has automated several middle-skilled In many OECD countries, middle incomes have grown less than the averageĪnd in some they have not grown at all. Middle-class households feel left behind and have questioned the benefits of economic Green growth and sustainable development.
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