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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 West Point cadet was killed Thursday in a vehicle accident near an academy training site, and 19 other cadets and two soldiers were injured, the academy said.Lt. Gen. 181

A woman will be in recovery for the rest of her life after someone posing as a delivery person shot her point-blank with a crossbow.The attack, which is being investigated as an attempted murder, occurred in November in Mississauga, Ontario, Canada. This week, police released video footage of the suspect at the victim's door in the hope that the person could be identified. 387

A Pennsylvania couple is facing felony theft charges after their bank accidentally put 0,000 in their account, and the couple spent most of it instead of contacting the bank, police said.Robert and Tiffany Williams of Montoursville are also facing overdraft fees from the bank of about 7,000, according to the criminal complaint filed in the Lycoming County magisterial district court.In an interview with law enforcement, Tiffany Williams said the money was spent on an SUV, a camper, two four wheelers and a car trailer, among other things, according to an affidavit.The bank error occurred May 31 when a customer in Georgia made a deposit of 0,000, and the BB&T Bank teller entered a wrong account number. When the customer contacted the bank to ask about the missing deposit, investigators discovered the funds had gone into the Williams' joint account, the affidavit said."While we can't comment on the specifics of this issue due to client privacy practices, we always work as quickly as possible to address any issue that affects our clients," Brian Davis, a spokesman for BB&T, told CNN in a statement."We're also continuously working to enhance our client service and operating procedures to provide the best client experience possible."The bank tried to call the couple several timesWhen Tiffany Williams was contacted by the bank on June 21, she said "she no longer had the funds because she had already paid off bills," the affidavit said.Some of the money also went to pay bills and for car repairs, and the couple gave ,000 to "friends in need of money," Tiffany Williams told investigators, according to the affidavit.Tiffany Williams told the bank she would try to come up with a repayment agreement for the money owed, but the bank wasn't able to contact the couple after that June 21 phone conversation, the affidavit said.The bank credited the correct account with the 0,000 and debited the same amount from the incorrect one, the affidavit said.Both Tiffany and Robert Williams told investigators they knew the money didn't belong to them, according to the affidavit.Reached by CNN under a phone number listed in public records for Robert Williams, a man who didn't identify himself said he had "no comment about that at this time," and doesn't yet know the name of the public defender in the case.Nate Weaver, a neighbor of the couple, told 2397

America's fertility rate and the number of births nationwide are continuing to decline.The number of births for the United States last year dropped to its lowest in about three decades, according to provisional data in a new report from the National Center for Health Statistics at the US Centers for Disease Control and Prevention."Even though the number of births we've seen in 2018 is the lowest that we've seen in 32 years, the total fertility rate is at a record low," said Brady Hamilton, a 509

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