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.
When Americans peer 30 years into the future, they see a country in decline economically, politically and on the world stage.
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.
At the Population Association of America’s annual conference in San Francisco this week, papers on the recession’s impact on families, wealth, children, young adults, older Americans and other realms of life will be presented in at least 10 of the 200-plus sessions. Much of the research is preliminary, but it raises intriguing questions. One paper tries to assess whether the poor economy has affected divorce rates.
Chapter 1: Overview 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 […]
Instead of traveling across country or across town for Thanksgiving this year, many grown sons and daughters will be coming to dinner from their old bedroom down the hall, which now doubles as their recession-era refuge.
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