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.
European Unity on the Rocks
What started out as a European debt crisis has now become a full-blown crisis of public confidence in the European economy, membership in the European Union, the euro and the free market system.
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.
Public More Optimistic about Economy, But Concerns Persist
Optimism about the national economy has rebounded in the first two months of this year after sagging in 2011. The latest national survey by the Pew Research Center for the People & the Press also finds an uptick in Barack Obama’s job rating.
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.
Frustration with Congress Could Hurt Republican Incumbents
Public discontent with Congress has reached record levels, and the implications for incumbents in next year’s elections could be stark. The Republican Party is taking more of the blame than the Democrats for a do-nothing Congress.
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.