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OECD report shows middle class is continuing to hollow out across rich nations

by Futures Centre, Apr 12
1 minute read

The OECD defines the middle class in economic terms of people earning 75% to 200% of the national median annual income. Within OECD nations incomes have increased 0.3% on average per year versus growth of 1.6% and 1% in the proceding decades. Housing costs now amount to a third of their disposable income which is up by 25% since the 1990’s. But in most countries this erosion isn’t only growing the lower class but simultaneously rising the upper class.

 

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