Home > Economy > The middle-class dream is moving beyond millennials’ reach | World Economic Forum

The middle-class dream is moving beyond millennials’ reach | World Economic Forum

Do you feel like your cost of living is rising?

If so, you’re not alone. Years of low income growth and increasing prices have made the “squeezed middle” a reality for many, with new research showing young people’s prospects are among the hardest hit.

The middle class is shrinking in most countries and represents an out-of-reach dream for younger generations, according to the OECD’s report Under Pressure: The Squeezed Middle Class. Just 60% of millennials – people born between 1983 and 2002 – are part of middle-income households in their twenties, compared with almost 70% of baby boomers.

Read the whole story here: The middle-class dream is moving beyond millennials’ reach | World Economic Forum

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