Lost Income, Lost Friends — and Loss of Self-Respect
A new Pew Research Center survey finds the long-term unemployed are more likely than the short-term unemployed not only to have lost income, but also to have lost contact with close friends, suffered strains in family relations and lost some self-respect and confidence in their long-term career prospects.
The Great Recession at 30 Months
More than half (55%) of adults in the labor force say that since the economic slump began 30 months ago, they have suffered a spell of unemployment, a cut in pay, a reduction in hours or have become involuntary part-time workers; the recession has also led to a new frugality and diminished expectations about retirement and their children’s future.
At Year’s End, Nation Remains Divided
As has been the case since October, roughly half the country approves of President Obama’s job. The nation is also divided on Afghanistan and health care. One rare point of agreement, though, is that the economy remains poor.
Public Souring on Washington
More say the president and GOP leaders are not working together, as Obama’s approval inches lower and the Democratic Party’s favorability falls sharply. Opinion about the economy remains negative with personal financial assessments becoming more bearish.
Public More Optimistic About the Economy, But Still Reluctant to Spend
Increasingly, Americans express the view that the nation’s economy will improve in the next year, and a growing number also expect their personal finances to get better. But this has not caused people to open their wallets.
Luxury or Necessity? The Public Makes a U-Turn
From the kitchen to the laundry room to the home entertainment center, Americans are paring down the list of familiar household appliances they say they can’t live without.
Hispanics and the Economic Downturn: Housing Woes and Remittance Cuts
Latinos, especially the foreign-born, are feeling the sting of the economic downturn and, in some respects, even more so than the general population.
Bearish Outlook Fuels Consumer Cutbacks
Nearly six-in-ten who say they are cutting back or delaying purchases report they are doing so because they worry things might get worse. Fewer than one in four say they are cutting back because their own financial situation has worsened. Lower fuel and food costs do not appear to have had a positive impact on the public so far.
Feeling Guilty: Americans Say They Aren’t Saving Enough
Most Americans at every income level and in every demographic group worry they aren’t putting enough aside for the future — but they’re apparently not worried enough to do much about it, a new survey finds.
What Americans Pay For – and How
Bill-paying is a different experience now than it was a generation ago. A sizable minority of adults pay by click. And a sizable majority pay each month for one or more of the big three Information Age staples that didn’t exist or were in their infancy a few decades back — cell phones, internet service and cable and satellite television.