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CNBC Interviews EHRP’s Alissa Quart on the Plight of Millennials

The middle class is on the decline across the wealthiest countries in the world and the shift is hitting the youngest generations hardest, according to a new report published by the Organization for Economic Cooperation and Development (OECD).

Today, just 60% of millennials (those born between 1983 and 2002) are considered middle-class, compared to 70% of baby boomers (those born between 1943 and 1964) when they were in their twenties, according to the report, “Under Pressure: The Squeezed Middle Class.” Worldwide, the share of households considered middle-class has slipped from 64% in the 1980s to 61% today.

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Save An Endangered Species: Journalists

The Economic Hardship Reporting Project supports independent journalists so they can create gripping stories which often counter the typical disparaging narratives about inequality. This high-quality journalism is then co-published with mainstream media outlets mobilizing readers to address systemic economic hardship.

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