COVID-19 Pandemic Pinches Finances of America’s Lower- and Middle-Income Families
Nearly one-in-five middle-income families report receiving unemployment benefits in 2020.
Numbers, Facts and Trends Shaping Your World
Nearly one-in-five middle-income families report receiving unemployment benefits in 2020.
After more than four decades of serving as the nation’s economic majority, the U.S. middle class is now matched in size by those in the economic tiers above and below it.
A record 40% of all households with children under the age of 18 include mothers who are either the sole or primary source of income for the family, according to a new Pew Research Center analysis of data from the U.S. Census Bureau. The share was just 11% in 1960.
As the leading edge of the giant Baby Boomer generation turns 65 on January 1, 2011, a Pew Research roundup of new and recent surveys finds that this age group is more downbeat than others about the trajectory of their lives and the direction of the nation as a whole. This report explores Boomers’ political and social values; their economic hopes and fears and their overall satisfaction with life.
In a reversal of long-standing marital patterns, college-educated young adults are now slightly more likely than young adults lacking a bachelor’s degree to have married by the age of 30.
In the past, when relatively few wives worked, marriage enhanced the economic status of women more than that of men. Recently, however, the economic gains associated with marriage have been greater for men.
Most Americans are moderately upbeat about their family’s financial prospects in the coming year, with 57% expecting some improvement in their financial situation and another 10% expecting a lot of improvement.
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