The Lost Decade of the Middle Class
As the 2012 presidential candidates prepare their closing arguments to America’s middle class, they are courting a group that has endured a lost decade for economic well-being. Since 2000, the middle class has shrunk in size, fallen backward in income and wealth, and shed some – but by no means all – of its characteristic faith in the future.
Growing Share of Americans Live in Income-Segregated Neighborhoods
Upper- and lower-income Americans are more likely now than 30 years ago to live in economically segregated neighborhoods, according to a new Pew Research Center analysis. Residential segregation by income has risen in 27 of the nation’s 30 largest metropolitan areas since 1980, with the big three in Texas — Houston, Dallas and San Antonio — leading the way.
Raising Taxes on Rich Seen as Good for Economy, Fairness
By two-to-one (44% to 22%), the public says that raising taxes on incomes above $250,000 would help the economy rather than hurt it, while 24% say this would not make a difference. Moreover, an identical percentage (44%) says a tax increase on higher incomes would make the tax system more fair, while just 21% say it would make the system less fair.
Hispanics Say They Have the Worst of a Bad Economy
A majority of Latinos (54%) believe that the economic downturn that began in 2007 has been harder on them than on any other ethnic group in America.
Rising Share of Americans See Conflict Between Rich and Poor
A new Pew Research Center survey finds that two-thirds of the public believes there are “very strong” or “strong” conflicts between the rich and the poor — an increase of 19 percentage points since 2009.
Hispanic Poverty Rate Highest In New Supplemental Census Measure
Hispanics have the highest poverty rate of the nation’s largest racial and ethnic groups under an alternative Census Bureau calculation known as the Supplemental Poverty Measure. The alternative measure is intended to better reflect the costs of basic living expenses as well as the resources people have to pay them.
The Rising Age Gap in Economic Well-Being
Older adults have made dramatic gains relative to younger adults in their economic well being during the past quarter century, according to a new Pew Research Center analysis of data from two key U.S. Census sources.
Adding Context to the Census Bureau’s Report on the Rise in Poverty Rate
Recent Pew Research Center reports provide extra context for Tuesday’s announcement by the Census Bureau the nation’s poverty rate grew to 15.1% in 2010.
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.