For decades, the middle class represented the psychological backbone of modern capitalism. It was the class that worked, saved, invested cautiously, bought homes, educated children, planned retirements, and believed that discipline would eventually translate into stability. Governments proudly measured their expansion as proof of economic success. Banks built products around it. Politicians campaigned in its […]
middle class
Millennials hurt most by middle class squeeze: OECD
The middle class is getting squeezed and it is the millennialgeneration above all that is bearing the brunt, the OECD said, urging action to help households struggling with the rising cost of eduction and housing as incomes stagnate. “Today the middle class looks increasingly like a boat in rocky waters,” the OECD’s Secretary-General Angel Gurria […]