03/04/2019 - Middle-class households feel left behind and are questioning the benefits of globalisation. In many OECD countries, middle incomes have grown less than average incomes and in some countries they have not grown at all. 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 in many countries.
A new OECD report, Under Pressure: The Squeezed Middle Class, to be published on Wednesday 10 April, sheds light on the many pressures on the middle class. It analyses the trends of middle-income households in areas such as employment, consumption, wealth and debt, as well as perceptions and social attitudes. It also includes recommendations for protecting middle-class living standards and financial security in the face of economic challenges.
OECD Secretary-General Angel Gurría will present the report with Luis Felipe Lopéz-Calva, Assistant Secretary General, Latin America and the Caribbean, United Nations Development Programme, at an event that day starting at 15:00 at the UNDP Headquarters, One United Nations Plaza, New York (Conference room 12).
The report will be available to registered journalists on the OECD's password-protected website at 21:00 CET/15.00 East Coast time on Wednesday 10 April for immediate release. (Create your MyOECD account.)
Journalists without UN accreditation will need to register for the event by 9 April at the latest and can do so by contacting Anjali Kwatra in the UNDP Media Team at Anjali.Kwatra@undp.org.
Requests to receive advance copies of the report under embargo, ahead of release time, should be sent by e-mail to email@example.com. The report will be sent by e-mail on Tuesday 9 April. Journalists requesting an electronic version in advance of the release time agree to respect OECD embargo conditions.
For further information, please contact Spencer Wilson (+ 33 1 4524 8118) at the OECD Media Office (+ 33 1 4524 9700).
Working with over 100 countries, the OECD is a global policy forum that promotes policies to improve the economic and social well-being of people around the world.