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Economy & Work

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Economy & Work

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    A Recovery No Better than the Recession

    The median income of American households decreased by as much in the two years after the official end of the Great Recession as it did during the recession itself. The latest estimates from the Census Bureau show that the median income for U.S. households in 2011 was $50,054.[1. DeNavas-Walt, Carmen, Bernadette D. Proctor, and Jessica […]

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    Record Partisan Gap in Views of Economic News

    Overview With the election less than two months away, partisan differences in views of economic news have become wider than ever. Despite this month’s lackluster jobs report, there has been a modest decline in the percentage of Americans saying news about the economy is mostly bad – with virtually all of the change coming among […]

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    A Third of Americans Now Say They Are in the Lower Classes

    The percentage of Americans who say they are in the lower-middle or lower class has risen from a quarter of the adult population to about a third in the past four years, according to a national survey of 2,508 adults by the Pew Research Center. Not only has the lower class grown, but its demographic […]

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    Public Says a Secure Job Is the Ticket to the Middle Class

    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 […]

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    Yes, the Rich Are Different

    As Republicans gather for their national convention in Tampa to nominate a presidential candidate known, in part, as a wealthy businessman, a new nationwide Pew Research Center survey finds that many Americans believe the rich are different than other people. They are viewed as more intelligent and more hardworking but also greedier and less honest. […]

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    Middle-Income Economics and Middle-Class Attitudes

    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.

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    The Lost Decade of the Middle Class

    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 […]

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    Video: Lost Decade of the Middle Class

    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 […]