A Third of Americans Now Say They Are in the Lower Classes
The percentage of Americans who say they are in the lower-middle or lower class has risen from a quarter of the adult population to about a third in the past four years, according to a national survey of 2,508 adults by the Pew Research Center.
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 Boomerang Generation
Large majorities of young adults ages 25 to 34 who are living at home with parents say they’re satisfied with that arrangement and upbeat about their future finances.
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.
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.
Wealth Gaps Rise to Record Highs Between Whites, Blacks and Hispanics
The lopsided wealth ratios are the largest since the government began publishing such data a quarter century ago and roughly twice the size of the ratios that had prevailed between these three groups for the two decades prior to the Great Recession that ended in 2009.