A Recovery No Better than the Recession
The median income of American households decreased by as much in the two years after the official end of the Great Recession as it did during the recession itself. The current recovery is the worst for household income for any post-recession period in decades.
The Lost Decade of the Middle Class
As the 2012 presidential candidates prepare their closing arguments to America’s middle class, they are courting a group that has endured a lost decade for economic well-being. Since 2000, the middle class has shrunk in size, fallen backward in income and wealth, and shed some – but by no means all – of its characteristic faith in the future.
Pervasive Gloom About the World Economy
The economic mood is exceedingly glum all around the world. A median of just 27 percent think their national economy is doing well, according to a survey in 21 countries. Those in emerging markets are more upbeat than those in the European Union and the U.S. The global economic crisis also has eroded support for capitalism.
The Demographics of the Jobs Recovery
Hispanics and Asians are gaining jobs at a faster rate in the economic recovery than are blacks and whites, and immigrants are outpacing the native born. The disparities reflect the rapidly changing demographics of the U.S. workforce.
Young, Underemployed and Optimistic
A plurality of the American public believes that young adults are having the toughest time of any age group in today’s economy — and a lopsided majority says it’s more difficult for today’s young adults than it was for their parents’ generation to pay for college, find a job, buy a home or save for the future. But long-term economic optimism among young adults remains unscarred.
Hispanics Say They Have the Worst of a Bad Economy
A majority of Latinos (54%) believe that the economic downturn that began in 2007 has been harder on them than on any other ethnic group in America.
The Rising Age Gap in Economic Well-Being
Older adults have made dramatic gains relative to younger adults in their economic well being during the past quarter century, according to a new Pew Research Center analysis of data from two key U.S. Census sources.
In a Down Economy, Fewer Births
A sharp decline in fertility rates in the United States that started in 2008 is closely linked to the souring of the economy that began about the same time.
Fighting Poverty in a Tough Economy, Americans Move in With Their Relatives
The financial hardships caused by the Great Recession have helped fuel the largest increase in modern history in the number of Americans living in multi-generational households. From 2007 to 2009, this group spiked from 46.5 million people to 51.4 million.
Adding Context to the Census Bureau’s Report on the Rise in Poverty Rate
Recent Pew Research Center reports provide extra context for Tuesday’s announcement by the Census Bureau the nation’s poverty rate grew to 15.1% in 2010.