Squeezed middle? What squeezed middle?

The 'squeezed middle', stuck in the hell of the 'cost of living crisis' has become a political cliche. We have visions of miserable middle managers forced into fraying suits and a diet of baked beans, while their depressed family wanders the aisles of the local supermarket dreaming of the days when they could afford Parma ham and fresh avocados.

But a new report claims this is a fallacy - and that the middle classes are just fine.%VIRTUAL-SkimlinksPromo%