Infographic: How the Great Recession Has Changed Life in America
Interactive graphic that charts the impact of the “Great Recession” on Americans. Polling data with breakdowns by age, education, race, gender and political affiliation.
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.
Public Uncertain How to Improve Job Situation
There is broad public agreement that past government policies intended to address the financial crisis and recession have not worked. At the same time, there is very little agreement about what the government should do now to deal with the nation’s biggest economic concern — the job situation.
Minorities and the Recession-Era College Enrollment Boom
Freshman enrollment at post-secondary institutions rose by a 40-year record of 6% in the 2007-2008 school year, with Hispanics experiencing the largest increase in enrollments; half of the total increase in enrollment occurred in just 109 institutions out of nearly 6,100.
U.S. Birth Rate Decline Linked to Recession
There is a strong association between the magnitude of fertility change in 2008 across states and key economic indicators including changes in per capita income, housing prices and share of the working-age population that is employed across states.
The Return of the Multi-Generational Family Household
The multi-generational American family household is staging a comeback — driven in part by the job losses and home foreclosures of recent years, but more so by demographic changes that have been gathering steam for decades. As of 2008, a record 49 million Americans, or 16.1% of the total U.S. population, lived in such a household, up from 28 million, or 12.l%, in 1980. Such households had been more common a century ago, but began to fall out of favor after World War II. Now they are coming back.
Home for the Holidays…and Every Other Day
The journey home won’t be quite as far this year for many young adults. Instead of traveling across country or across town, many grown sons and daughters will be coming to the holiday dinner table from their old bedroom down the hall, which now doubles as their recession-era refuge.
How the Economy May Sway 2010 Governors’ Races
The tax hikes that so many states levied to plug holes in their recession-ravaged budgets this year could endanger some incumbent governors’ careers in 2010 when 37 gubernatorial contests are at stake.
Covering the Great Recession
The gravest economic crisis since the Great Depression has been covered in the media largely from the top down, told primarily from the perspective of the Obama administration and big business.
Recession Turns a Graying Office Grayer
Older adults are staying in the labor force longer, and younger adults are staying out of it longer. Both trends intensified with the recession and are expected to continue after the economy recovers. One reason: Older workers value not just a paycheck, but the psychological and social rewards.