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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."The middle class has been under stress for years, helping fuel the rise of progressive Democrats in the United States, who are seeking to increase taxes on the rich to provide a stronger safety net — including universal health care. But while many presidential candidates point to Europe as a model, the OECD report shows that problems exist there too.The share of people in middle-income households in developed countries fell from 64% in the mid-1980s to only 61% by the mid-2010s. However the declines were larger in several countries, including the United States, Israel, Germany, Canada, Finland and Sweden.In the United States, just over 50% of the population is middle class, much smaller than most other developed countries.The report considers households earning between 75% and 200% of the median national income as middle class.Higher costs, less incomeRising income inequality is part of the reason for the trend. Over the past 30 years, median incomes in OECD countries increased a third less than the average income of the richest 10%, the report found.At the same time, costs are going up faster than inflation in the world's richest economies — making it harder for the middle class to keep up. Home prices, in particular, have been growing more than a third faster than median household income in recent decades. The middle class spent 32% of their budgets on housing in 2015, compared to 25% in 1985.More than one in five middle-income households spend more than they earn.The middle class has also been losing economic clout in OECD countries, which could ripple through societies. The total income of this group was about four times that of upper-income households in 1985. Thirty years later, the ratio fell to less than three."The investment of the middle class in education, health, and housing, their support for good quality public services, their intolerance of corruption, and their trust in others and in democratic institutions, are the very foundations of inclusive growth," the report said.Millennials struggle to make itYounger people are having a harder time achieving middle class status than those in previous generations. Being middle class once meant living in a comfortable house and affording a rewarding lifestyle, thanks to a stable job with career opportunities, the report said. It was also a basis from which families aspired to an even better future for their children.Close to 70% of the baby boomers were part of the middle class when they were in their 20s, compared to nearly 64% of Gen X but only 60% of millennials. Baby boomers also enjoyed more stable jobs during their working life than younger generations.Job insecurity is on the rise as labor markets transform amid increasing globalization and technological use. One in six current middle-income jobs face high risk of automation."These trends paint an uncertain picture for workers with middle incomes, in particular, those with low-medium skills in routine jobs," the report said.The OECD offers some suggestions for addressing the middle class squeeze, many of which match the talking points of progressive US candidates. They include lowering taxes on the middle class and increasing them on the wealthy, developing more affordable housing, helping young adults build wealth, containing the cost of education, child care and health and improving workers' skills and training.The-CNN-Wire? & ? 2019 Cable News Network, Inc., a Time Warner Company. All rights reserved. 4198

A new kind of duck-billed dinosaur has been discovered in Japan.The largest dinosaur skeleton ever found in the country was hiding underneath 72 million-year-old marine deposits in the town of Mukawa, 213

Amid the coronavirus pandemic, almost nothing feels normal. Simply walking out your home comes with new rules to follow. Now, filing taxes this year is causing some confusion. “Normally, busy season is a challenge in and of itself, but this has added many more layers,” said Elieen Sherr, with the American Institute of Certified Public Accountants.Sherr has had an increase number of people confused on whether they are supposed to file their income taxes now, or if the federal income tax deadline extension applies to them.“This all happened in the last few weeks, and the states, they were waiting for the IRS to come out with their guidance,” said Sherr. “At first, it was just payment relief. Then, it was filing and payment relief, so that was confusing.”Sherr explained, just shy of the normal tax deadline, there is now some clearer guidance.The federal government has extended it deadline for federal tax filing and payments to July 15, 2020. Many states have now moved their filing deadlines to match.However, in a few states like Mississippi, Virginia, and Idaho, you have to file earlier. The deadline is May 15 in Mississippi, June 1 for Virginia, and June 15 in Idaho.Differing state and federal deadlines have some wondering if you file your state return early can you file your federal at the later deadline?“Generally, you have to start with the federal, so you will have to start with the federal to get to a state return,” said Sherr.Some good news in that instance: if you owe money on your federal return, you won’t have to pay that until July 15. If you are someone who is getting money back, even better news, returns are being processed right now, without delays.“They want to get the money out to everybody, especially the refund,” Sherr explained. “They want to get it into the economy so they are doing the best they can.” 1862

A romance scam has claimed another victim, a woman hoping for some companionship, but whose Mr. Right turned out to be all wrong.Petronica Williams thought she found the man of her dreams on Instagram, a great looking, New York City-based fitness trainer."He inboxed me on Instagram," Williams said, "saying 'hey gorgeous, I want to get to know you.' "Her Romeo sent videos, showing him training some of the stars of the VH1 reality show "Love and Hip Hop." Williams couldn't believe he was interested in her, but he was.She says their messaging got more and more intense, and he wanted her to come to his fitness studio in New York. Unfortunately, first he had to go to Africa on a short assignment.That's when trouble developed.New friend needs money to get home"He said he was over there working as a fitness trainer on a contract," Williams said. "But he was stranded and needed a way to get home."He needed money fast -- specifically 0 for a plane ticket home from Africa. He promised to return the money to her as soon as he got back to the U.S.So a love-struck Williams wired it to him through MoneyGram, and figured he was on his way.But he soon messaged her again, saying the Republic of Benin, in West Africa, would not let him leave unless he paid his income taxes first."They won't let me go home because I owe ,500 in taxes," the trainer messaged her.Before Williams took the time to realize what she was doing, she said, "I sent him a total ,076." Only after he stopped texting her back did she start suspecting she had been duped, that her fitness trainer may have been conning her from West Africa all along. 1644

Across the country, more states are legalizing marijuana.Now, more people are opening up about getting high and getting behind the wheel.“I feel more focused than when I’m sober,” Caleb Occelin said of driving while under the influence of marijuana. “It eases my mind. It makes me focus on everything.”Others, however, say they know better than to mix cars and cannabis. “Do not smoke weed and drive,” said marijuana smoker Sam Lee. “We all know we can barely think straight instead of drive.”Now, a team of medical professionals is studying the dangers of smoking and driving.“There’s been increasing concern about the potential of public health impacts of people using cannabis while they drive or shortly after,” said Dr. Michael Kosnett of the University of Colorado Denver.Kosnett is teaming up with Rocky Mountain Poison and Drug Safety on a study about the effects of cannabis while operating a motor vehicle.This study tests three focus groups: daily smokers, occasional smokers and non-smokers as they go through tests measuring reaction times, hand-eye coordination and short-term memory.More than a year into the study, the team has hit an unexpected road block: they can’t seem to find occasional smokers.“As for people who just used it occasionally, like on a weekly basis, that was probably less than one-fourth of the people,” Kosnett said.This study is still in process. Kosnett has not yet released the findings.Denver Police Sgt. Alan Ma, however, doesn’t need to know the results. He says he knows from working his nightly beat that driving high is dangerous.“Their perception and reaction times are delayed,” Ma said about people who drive while high on marijuana. The Denver Police Department wrote 63 citations in both 2016 and 2017 for marijuana-related DUIs. 1794

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