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