Global monthly wages fell in real terms to -0.9 per cent in the first half of the year, the study found, marking the first instance of negative growth this century. As a result, the purchasing power of middle-class families has been reduced, while low-income households have been hit particularly hard....
As prices keep healthy meals out of reach, some 61 per cent of households are regularly using coping strategies to cut down on costs, such as reducing the amount they eat and consuming increasingly less nutritious meals. And with opportunities to make enough income in the medium to long-term decreasing...