Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.

 

Term of the day

squeezed middle

The "squeezed middle" is that section of society deemed to be most affected by inflation and tax rises because they are in jobs that deliver low to middle incomes which have not been rising as fast as their expenses (or, in some cases, not rising at all). In the years of austerity following the financial crisis, politicians in all developed countries were keen to declare their support for the squeezed middle because of their perceived moral high ground – as opposed to those on high incomes and...