The nation’s wealth recovers, but largely for those at the top
The nation’s aggregate wealth continues to show signs of recovery, but that wealth recovery has been concentrated on the wealthiest Americans. Meanwhile, the aggregate net worth for America’s economic middle is actually declining.
Chart of the Week: The black-white gap in incarceration rates
Black men in their prime working years, especially those without a high school education, are much more likely to be in jail than white men are.
Chart of the Week: How America’s poor can still be rich in stuff
While most manufactured goods are considerably cheaper than they were three decades ago, many key services are much more expensive — contributing to the paradox of greater material abundance among even poor Americans.
Despite recovery, fewer Americans identify as middle class
Today about as many Americans identify themselves as lower or lower-middle class (40%) as say they are in the middle class (44%).
King’s Dream Remains an Elusive Goal
Five decades after Martin Luther King, Jr.’s historic “I Have a Dream” speech in Washington, D.C., fewer than half (45%) of Americans say the country has made substantial progress toward racial equality.
Black unemployment rate is consistently twice that of whites
Much has changed for African-Americans since the 1963 March on Washington (which, recall, was a march for “Jobs and Freedom”), but one thing hasn’t: The unemployment rate among blacks is still about double that among whites, as it has been for most of the past six decades.
Having a secure job replaces homeownership as the key to being middle-class
Nearly nine-in-ten Americans now say having a secure job is essential to being in the middle-class; in 1991, it was homeownership.
Welcome to the Global Middle-Class Surge
By Alan Murray, President, Pew Research Center This op-ed was published in The Wall Street Journal on July 18, 2013. The mass uprisings this summer in Egypt, Turkey and Brazil are powerful reminders that the middle classes drive history. What remains unclear, however, is where they are driving it. The world today is witnessing its third great […]
Resilient American Values
Optimism in an Era of Growing Inequality and Economic Difficulty Despite an extended period of economic difficulty, Pew Research Center pollsters Andrew Kohut and Michael Dimock show that Americans’ core values and beliefs about economic opportunity, and the nation’s economic outlook, remain largely optimistic and unchanged. There is also little evidence that economic class is […]
An Uneven Wealth Recovery in the U.S.
During the first two years of the nation’s economic recovery, wealth inequality increased as aggregate wealth rose for the wealthiest 7% of households, but fell for the bottom 93%.