Wealth Gaps and Perception Gaps: A Paradox of the Great Recession
When the real estate market melted down, those hit hardest by the sharp drop in household wealth were blacks and Hispanics. But even while their wealth was being decimated, the political reaction among the nation’s minorities has been surprisingly muted.
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.
One Recession, Two Americas
For a narrow majority of Americans (55%), the Great Recession brought a mix of unemployment, missed mortgage or rent payments, shrinking paychecks and shattered household budgets. But for the other 45%, the recession was largely free of such difficulties.
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.
Not Your Grandfather’s Recession — Literally
Relatively speaking, older Americans’ attitudes and lifestyles have been less affected by the economic slump than have those of younger Americans. Meantime, the “Threshold Generation,” people nearing retirement, have been hardest hit, as they’ve seen their nest eggs shrink the most.
Through Boom and Bust: Minorities, Immigrants and Homeownership
The ups and downs in the U.S. housing market over the past decade and a half have generated both greater gains and larger losses for minority groups than for whites.
Non-Citizen Immigrant Households Suffer Sharp Decline in Income, 2006-2007
The current economic slowdown has taken a far greater toll on households headed by non-citizens than it has on the U.S. population as a whole, according to a Pew Hispanic Center analysis of new Census data.
The Middle Class Blues: Pricey Neighborhoods, High Stress
When it comes to anxiety about family finances, an old truism applies: Where you stand depends on where you sit. Or, more precisely, on where your house or apartment sits.
Who Wants To Be Rich?
Anyone who thinks that Americans worship at the feet of the almighty dollar should ask the American public. In fact, a new Social Trends survey finds only 13% of adults say it’s “very important” for them to be wealthy, ranking this personal priority far behind six others measured.
Inside the Middle Class: Bad Times Hit the Good Life
A new Pew Social Trends study finds that fewer Americans now than at any time in the past half century believe they’re moving forward in life. But at the same time, two-thirds say they have a higher standard of living than their parents had.