Download or read book Is the German Middle Class Crumbling? Risks and Opportunities written by OECD and published by OECD Publishing. This book was released on 2021-12-21 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thriving middle classes are the backbone of democratic societies and strong economies, but in many countries, they face mounting pressure as their economic strength is eroding relative to higher-income households. Real wages and incomes for most middle-class households have grown only very slowly, and rising expenditures have been putting further pressure on living standards.