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Why the middle class is shrinking

If you want to understand the surge in angry politics around the developed world, from President Trump’s populist politics to the U.K.’s Brexit to France’s “yellow-vest” protesters, look no further than the economic plight of the middle class.

The middle class is shrinking, stagnating, and becoming less secure, even as the world enters the 10th year of economic growth and the U.S. experiences a decade-long bull market, according to a report, “Under Pressure: The Squeezed Middle Class,” released this week by the Paris-based Organization for Economic Co-Operation and Development.

The middle classes are getting squeezed particularly hard by the rising costs of education, health care and housing.

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