No Place Like Home — Even if the Value Is in the Tank
Not even a housing-led recession can shake Americans’ faith in the blessings of homeownership.
One-In-Five Homeowners Feels “Underwater” On Mortgages
Those who say their homes are worth less than what they owe on their mortgages are generally younger, less affluent and more likely to be Hispanic or African American than are those who feel they would at least break even if they had to sell today.
Jobs Worries Climb the Economic Ladder
For the public, the continuing financial crisis has been overtaken by a jobs crisis; the proportion citing jobs or unemployment as the nation’s most important economic problem has more than quadrupled to 42% since early October and concern about job loss has climbed steeply among affluent Americans.
Immigrant Latino Unemployment Rises Sharply
Job loss data reveal a rapidly worsening situation for foreign-born Hispanics, native-born Hispanics and blacks in the labor market.
Economy Is a Tough Subject for the Nation’s Public Schools
States traditionally have been reluctant to cut school funding during hard times, but in the current severe downturn schools are not immune.
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.
Latino Workers in the Ongoing Recession: 2007 to 2008
The current recession has seen a small but significant decline in the percentage of Latino immigrants active in the U.S. labor force; however, the absolute number of immigrant Latinos working or seeking work still increased slightly over the last year.
Depressed Economy Wallops States
With calendar 2008 nearing an end, Stateline.org’s annual state-by-state review of major accomplishments finds lawmakers girding for big spending cuts in 2009 and beyond.
Public Worried But Not Panicked About Economy
Americans are concerned about the nation’s economic problems and they register the lowest level of national satisfaction ever measured in a Pew survey. But there is little indication that the nation’s financial crisis has triggered public panic or despair.
Escalating Financial Crisis Grips States
A week after President Bush signed a $700-billion bailout plan for Wall Street, the financial crisis has deepened in many state capitals with tight credit markets and new, pessimistic budget figures that pose the biggest threat to states’ fiscal health in 25 years.