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 In 2009, the year the Great Recession […]
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 […]
Americans do not rate their personal finances any better –or worse – than they did when Barack Obama took office nearly four years ago. And while income is a major factor in people’s views of their personal finances, so too is their partisan affiliation. The Pew Research Center has been tracking personal financial well-being for […]
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. […]
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 […]
Overview By two-to-one (44% to 22%), the public says that raising taxes on incomes above $250,00o 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% […]
Income inequality has become a major issue in the presidential campaign. A recent Pew Research Center poll, for example, attracted wide attention when it found that as many as 66% of Americans believe there are “very strong” or “strong” conflicts between the rich and the poor, an increase of 19 percentage points since 2009. But […]
Mitt Romney’s statement that he is focused solely on the problems of middle class Americans, not the poor, may not sit well with lower-income voters within his own party. Roughly a quarter of Republican and Republican-leaning registered voters have annual family incomes under $30,000, and most of them say that the government does not do […]
Pew Research Center President Andrew Kohut writes in the New York Times while Americans are hearing more and more about class conflict, there is little indication that they are increasingly divided along these lines. Their concerns are about policies that give everyone a fair shot.
A majority of Latinos believe that the economic downturn that began in 2007 has been harder on them than on any other ethnic group in America.