During the first two years of the nation’s economic recovery, wealth inequality increased as aggregate wealth rose for the wealthiest 7% of households, but fell for the bottom 93%.
Young adults have shed substantially more debt than older adults did during the Great Recession and its immediate aftermath—mainly by virtue of owning fewer houses and cars and paring credit card balances.
Despite a slowly improving economy, about four-in-ten adults (38%) say they are not confident that they will have enough income and assets for their retirement, up from 25% at the end of the Great Recession in 2009.
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 current recovery is the worst for household income for any post-recession period in decades.
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.
Senior research staff answer questions from readers relating to all the areas covered by our seven projects, ranging from polling techniques and findings, to media, technology, religious, demographic and global attitudes trends.
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 in the future.
Upper- and lower-income Americans are more likely now than 30 years ago to live in economically segregated neighborhoods, according to a new Pew Research Center analysis. Residential segregation by income has risen in 27 of the nation’s 30 largest metropolitan areas since 1980, with the big three in Texas -- Houston, Dallas and San Antonio -- leading the way.
By two-to-one (44% to 22%), the public says that raising taxes on incomes above $250,000 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% say it would make the system less fair.
A majority of Latinos (54%) believe that the economic downturn that began in 2007 has been harder on them than on any other ethnic group in America.