The middle class is shrinking among millennials worldwide, reported Richard Partington for The Guardian, citing the OECD.
According to the OECD, the middle class and its influence have gotten smaller in 40 countries for every generation since baby boomers, and the living standards of the middle class have lowered in the past 30 years, Partington wrote. The OECD's analysis included the 36 nations it's comprised of, plus South Africa, China, Russia, and Brazil.are middle class, compared to 70% of baby boomers at their age, he said, citing data from the OECD.
The middle class is particularly shrinking in the US — middle-income Americans represented about 61% of the country in 1971, but only 52% of American adults were classified as middle-income in 2016,And Americans know it — just less than half said they were middle class in 2014, while more than half said they were middle class in 2008, according to
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The middle class is shrinking around the worldThe middle class is disappearing in developed countries around the world, according to a new report
Read more »
More than a third of millennials earning at least $100,000 a year consider themselves middle classA six-figure salary may no longer be what it once was — a growing cost of living has made it harder for millennials to save.
Read more »
Fewer millennials are making it into the middle classAmerica's middle class families aren't the only ones having a tough time these days. Fewer millennials the world over are achieving that status.
Read more »
Shrinking Middle Class Threatens Global Growth, StabilityThe middle class is shrinking and its economic power diminishing in the U.S. and other rich countries, a development that threatens political stability and economic growth, according to a report by the OECD.
Read more »
Perspective | How middle-class families could get more financial aid for collegeIn many other households right now, there are parents fretting about the not-nearly-enough financial-aid packages their children have received.
Read more »
The ACM Awards felt like a lost opportunity for country musicAny follower of country music knows that change comes slowly to Nashville. But Sunday's ACM Awards should have been the place to continue a conversation about who belongs in the genre, writes mikaelwood.
Read more »
'This is MAGA country:' Police investigate alleged bullying incident at Ohio middle schoolAn incident report filed with police on Tuesday and shared with Yahoo Lifestyle said the bullying made the girl 'fear for her life.'
Read more »
Opinion | The debate around Democrats and working-class whites is deeply confusedOpinion: The debate around Democrats and working-class whites is deeply confused
Read more »
UK pledges it won't send Assange to country with death penalty: EcuadorBritain has guaranteed to Ecuador that WikiLeaks founder Julian Assange will not...
Read more »