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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

After temporarily closing 175 locations throughout the US, Target has reopened all but six locations after several were broken into during the recent protests over the death of George Floyd in Minneapolis last week. Officials did say that employees will be paid for up to 14 days. "The safety of our team and guests is our top priority. At this time, we are making the decision to adjust store hours or close stores temporarily," 442

Actress Katherine Helmond was a TV sitcom star in the 70s and 80s and continued acting well into her 80s before succumbing to complications from Alzheimer’s disease last week at the age of 89, Variety Magazine reported. Helmond reportedly died on Feb. 23, but her death was not made public until Friday.During her six-decade career as a thespian, Helmond earned a pair of Golden Globe Awards, and a number of Emmy nominations. She also earned a Tony Award nomination. Helmond's most prominent role was on the sitcom "Who's the Boss," as she played Mona Robinson from 1984 to 1992. "Who's the Boss" was one of the most popular sitcoms of the 80s, and was consistently one of the 10 most watched TV shows on TV. For her part playing Robinson, Helmond earned a Golden Globe Award, and a pair of Emmy nominations. Helmond played also played a comedic role on the sitcom "Soap" from 1977 to 1981. The sitcom was a spoof on daytime soap operas. She also won a Golden Globe for her role on "Soap."Before her two breakout TV comedy roles, Helmond appeared in a number of films as well as taking on walk-on roles on TV shows. In 1973, she was nominated for her performance in the Broadway drama "The Great God Brown." 1220

American political leaders are grappling with a public health and economic maelstrom — as well as concerns for their own safety. President Donald Trump says his administration will ask Congress to pass payroll tax relief, as he looks to calm financial markets' fears over the impact of the new coronavirus epidemic. Trump told reporters Monday that the administration was seeking “very substantial relief."This, as fears about the coronavirus outbreak roil financial markets. The White House says it's conducting “business as usual,” playing down the political consequences of an epidemic that poses one of the greatest tests yet to Trump's administration. On Capitol Hill, at least five lawmakers are in self-quarantine as discussions continue on how to address the virus outbreak and economic volatility. Trump lashed out in tweets Monday, protesting the steep market drop and news that large public gatherings are being called off because of the virus.The current estimate of cases is around 650, with 26 coronavirus-related deaths. 1048

A third member of an Oklahoma high school cross country has died after a car crashed into the team as they ran earlier this month.According to a 157

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