Fewer millennials are making it into the middle class

America’s middle class families aren’t the only ones having a tough time these days.

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.
“Today the middle class looks increasingly like a boat in rocky waters,” said OECD Secretary-General Angel Gurría. “Governments must listen to people’s concerns and protect and promote middle-class living standards.”

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