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 […]
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 […]
During the first two years of the nation’s economic recovery, the mean net worth of households in the upper 7% of the wealth distribution rose by an estimated 28%, while the mean net worth of households in the lower 93% dropped by 4%, according to a Pew Research Center analysis of newly released Census Bureau […]
Americans believe that having a secure job is by far the most important requirement for being in the middle class, easily trumping homeownership and a college education, according to a new nationwide Pew Research Center survey of 2,508 adults. Nearly nine-in-ten adults (86%) say a person needs a secure job to be considered part of […]
This posting describes and links to a new report, "The Lost Decade of the Middle Class," that combines income data from the Census Bureau, wealth data from the Survey of Consumer Finances and findings from a new survey to paint a portrait of diminished finances and muted hopes.
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 […]
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. Our new report explores how middle-class Americans view themselves, as well as their outlook on the future and on the presidential candidates who are […]
For a narrow majority of Americans (55%), the Great Recession brought a mix of hardships, usually in combination: a spell of unemployment, missed mortgage or rent payments, shrinking paychecks and shattered household budgets, but for the other 45% of the country, the recession was largely free of such difficulties.
Views on Democracy, Religion, Values, and Life Satisfaction in Emerging Nations