Public Knows Basic Facts About Financial Crisis
High percentages of Americans know that the government assistance to banks is aimed at getting them to lend more money, not less money and that China is the foreign country holding the most U.S. government debt. Notably, more Americans know the current unemployment rate than the current level of the Dow Jones Industrial Average.
The Phantom Recovery
The eight-year period from 1999 through 2007 is the longest in modern U.S. economic history in which inflation-adjusted median household income failed to surpass an earlier peak.
Before the Current Recession, a Phantom Recovery
Pew Research Center Executive Vice President Paul Taylor’s full testimony to the Senate Finance Committee.
Losing Wealth, Finding God?
Is the falling economy raising attendance at religious services?
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.
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.
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.
The Globe’s Emerging Middle Classes
As economically developing countries grow prosperous, their middle classes understandably become more satisfied with their lives and their values become more like those of the publics of advanced nations.
Support for Stimulus Plan Slips, But Obama Rides High
Although support for the economic stimulus package has weakened over the last month, President Obama’s personal image is extremely strong with fully 92% of the public rating him a good communicator. And the belief that Obama represents a break from politics as usual is widespread, despite the highly partisan reaction to his economic stimulus proposal.
On Obama’s Desk: Economy, Jobs Trump All Other Policy Priorities
While it is not unusual for Americans to prioritize domestic over foreign policy, a new survey finds strengthening the economy and improving the job situation are higher priorities today than they have been at any point over the past decade, and the recent upward trend has been steep.