Middle-income households are disappearing in developed countries around the world, according to a new report by the Organisation for Economic Co-operation and Development.The study, titled"Under Pressure: The Squeezed Middle Class," laid out a litany of problems affecting middle-income households. And it warned that this could have serious consequences for nations' economic growth and social fabric.
The middle class spent 32% of their budgets on housing in 2015, compared to 25% in 1985.More than one in five middle-income households spend more than they earn.The middle class has also been losing economic clout in OECD countries, which could ripple through societies. The total income of this group was about four times that of upper-income households in 1985. Thirty years later, the ratio fell to less than three.
Pablogelo
The politicians all over the world are constantly raising taxes on the pushing us to socialism
This has been done on purpose, especially in America. We have been conned into accepting heavy debt instead of fair wages & instead of blaming those responsible, conned into blaming those just as powerless as ourselves. When the correction comes, & it will, God help us all.
Send them here! Why not have our streets covered with tents, sleeping bags, feces, trash, garbage. It's what's about to happen anyway, Lets get it over with!
rather this was mismanagement or by design the ruling class has really screwed up a lot of people's life but hey it could be worst we humanist might run things and then trannys might use the wrong bathrom or kids might see tits on tv you know like there not already.
Could it be attributed to global Socialism
At the end two classes will remain 1. Upper upper class 2. Lower lower class and that is called capitalism
Amazing that “free trade” with 3rd world countries with no labor/environmental laws, pitting developed nations’ labor pools vs what is essentially slave labor doesn’t work too well for the middle class! Open borders will surely fix it! 🤦♂️
Oh, it’s CNN, disregard.
Well that’s what happens when elites run the world. Trying real hard to bring the world back to 14th century. Rich or poor. No in between. Control is all.
LMAO! It's the dems that let the uneducated ones into our countries for cheap labor. Too bad!
Liberal policies suck
USA has still a middle class?
No shit
It's disappearing here to. Trump was chosen to destroy the middleclass!
We have tried it the GOP way by giving tax breaks to corps, let's try it another way by increasing the min. wage and supporting unions. These monies will be spent in the economy-the rich will just sock it away!
Well probably because Globalism is spreading and Liberal ideas are pushed as “good ideas'
Thank you neoliberalism!
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