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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
Actor Cuba Gooding Jr.'s sex abuse trial is set to begin Tuesday with jury selection in New York City.Gooding is charged with forcible touching, a misdemeanor, and sex abuse in the third degree related to an alleged groping incident in June.A 29-year-old woman filed a police report claiming Gooding grabbed her breast at Magic Hour Rooftop Bar & Lounge in Manhattan.Gooding has denied the claim.The actor voluntarily surrendered to New York police for questioning in June and was released on his own recognizance.The woman in the alleged incident told police she was with friends when she was confronted by a male patron whom she described as Gooding, a law enforcement source told CNN."The male allegedly groped her breasts," the source said. "The victim later told cops she protested at the unwanted touching and they argued about the encounter."The woman left the bar and called 911 to report the alleged incident, the law enforcement source said, and NYPD Manhattan Special Victims Squad investigated.Gooding's attorney has said video footage taken at the bar that night will clear his client."There is not a scintilla of criminal culpability that can be attributed to Mr. Cuba Gooding Jr. after I have extensively, with my staff, reviewed the video of almost two hours which reflects the entire event," Mark Heller told reporters in June."I am totally confident that when a jury of Cuba Gooding Jr.'s peers assess all of the exculpatory evidence in this case, that he will be totally exonerated," Heller added last month. 1543

About 2 million pounds of seasoned beef used in Taco Bell burritos and tacos have been removed from restaurant locations across the country.Kenosha Beef International recalled the products over concerns that they may be contaminated with metal shavings, the US Department of Agriculture's Food Safety and Inspection Service said in a news release.The bags of meat were shipped from the supplier to five distribution centers and then to restaurant locations across the country, the USDA said.The restaurant chain announced Tuesday it had voluntarily recalled about 2.3 million pounds of seasoned beef. By Monday, 100% of the product had been removed from all restaurants across 21 states, a Taco bell news release said."Nothing is more important than our customers' safety, and nothing means more to us than their trust," Julie Masino, president of North America, Taco Bell Corp., 891
A video of an interaction between Vice President Mike Pence and Prince Charles went viral on Thursday as the video showed Charles apparently passing by Pence to not shake his hand. (Video seen in the player above).While many thought that Charles had snubbed Pence, officials representing both Pence and Charles said it was not a snub. A video released by Pence's press secretary Katie Waldman shows that indeed Charles and Pence exchanged greetings earlier in the day. 480
American tourist Kimberly Sue Endicott and her tour guide, who were abducted in Uganda's Queen Elizabeth National Park on Tuesday, have been rescued by security forces, a Ugandan government spokesperson said Sunday."Both were rescued from the Democratic Republic of the Congo and are safely back in Kanungu district in Uganda," said Ofwono Opondo. "They are back at the lodge and she is expected to be in Kampala tomorrow."Opondo said the kidnappers fled the scene of the rescue when law enforcement officers and soldiers moved in.Ugandan police had said Thursday that an armed gang kidnapped Endicott and her driver at gunpoint from the national park and had made frequent demands for a 0,000 ransom. Police had said they would not offer the money.A ransom was paid by touring company Wild Frontiers to free Endicott and her tour guide, a source with knowledge of the exchange told CNN on Sunday. The handover was "quiet and peaceful," the source said.A spokesperson with Wild Frontiers Uganda, the company Endicott toured with, said neither Endicott nor her tour guide were harmed. The spokesperson said the identities of the alleged kidnappers have not been revealed.The two were abducted at gunpoint while on a game drive on Tuesday evening, the Ugandan Tourism Board and Ugandan police said in a statement.Four other people were taken at the same time, but they were freed while Endicott and her driver were taken from the park, officials said. 1464
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