Millennials being squeezed out of middle class, says OECD

The biggest issue I have observed is that it is much harder to get on the property ladder.

This means that instead of paying a mortgage that converts your money from a liquid asset into real estate (minus the interest) you are just losing it all.

This means that younger generations are not accumulating wealth and will struggle in later life - at the same time as we expect there to be less and less younger people who will be able to help support them.

If action isn't taken urgently it could become a very difficult problem to solve as no bank will want to give a 30 year mortgage to a 45 year old etc.