Under pressure

Under pressure: the squeezed middle class

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Middle-class households feel left behind and have questioned the benefits of economic globalisation. In many OECD countries, middle incomes have grown less than the average and in some they have not grown at all. Technology has automated several middle-skilled jobs that used to be carried out by middle-class workers a few decades ago. The costs of some goods and services such as housing, which are essential for a middle-class lifestyle, have risen faster than earnings and overall inflation. Fac…

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Title Statements

  • Full title :Under pressure : the squeezed middle class.

Summary

Middle-class households feel left behind and have questioned the benefits of economic globalisation. In many OECD countries, middle incomes have grown less than the average and in some they have not grown at all. Technology has automated several middle-skilled jobs that used to be carried out by middle-class workers a few decades ago. The costs of some goods and services such as housing, which are essential for a middle-class lifestyle, have risen faster than earnings and overall inflation. Faced with this, middle classes have reduced their ability to save and in some cases have fallen into debt. This report sheds light on the multiple pressures on the middle class. It analyses the trends of middle-income households through dimensions such as labour occupation, consumption, wealth and debt, as well as perceptions and social attitudes. It also discusses policy initiatives to address the concerns raised by the middle class, by protecting middle-class living standards and financial security in the face of economic challenges.

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Edition Statements

  • Publication Date:2019

Publication Statements

  • Publisher(s):OECD Publishing
  • Place of Publication:Paris
  • Language:eng
  • Publication Date:2019

The Physical Object

  • Description:1 online resource (178 pages) : : illustrations, tables, charts.

Edition Identifiers

  • ISBN:9789264150348 (PDF), 926415034X (PDF), 9789264542839 (print), 9264542833 (print), 9789264699274 (HTML), 9264699279 (HTML)
  • oclc:on1097548953

Subjects

Classes moyennes -- Activité politique developing countries Economic history Economic policy Economics Économie politique Financial security INCOME Income -- Developing countries Middle class -- Political activity OECD countries OECD countries -- Economic conditions OECD countries -- Economic policy Pays de l'Organisation de coopération e… Pays de l'Organisation de coopération e… Pays de l'Organisation de coopération e… Sécurité financière

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