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 In 2009, the year the Great Recession […]
Americans Feel No Better or Worse Off in the Obama Years; Politics Colors Views of Recession’s Toll
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 […]
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 […]
Divorce and the Great Recession
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.
Young, Underemployed and Optimistic
Young adults hit hard by the recession. A plurality of the public believes young adults, rather than middle-aged or older adults, are having the toughest time in today’s economy.
The Rising Age Gap in Economic Well-Being
Households headed by older adults have made dramatic gains relative to those headed by younger adults in their economic well-being over the past quarter of a century.
In a Down Economy, Fewer Births
A sharp decline in fertility rates in the United States that started in 2008 is closely linked to the souring of the economy that began about the same time, according to a new analysis of multiple economic and demographic data sources.
Multi-generational Living During Hard Times
A new Pew Research Center report explores the demographics and economics of multi-generational households. It concludes that moving to a multi-generational household appears to lift Americans out of poverty, and this is especially true for groups most affected by the recession. Household incomes also are higher for some groups in multi-generational households.
Fighting Poverty in a Bad Economy, Americans Move in with Relatives
Without public debate or fanfare, large numbers of Americans enacted their own anti-poverty program in the depths of the Great Recession: They moved in with relatives.
Adding Context to the Census Bureau’s Income and Poverty Report
Pew Research Center reports can add context to the Census Bureau’s release of 2010 data on U.S. income, poverty and health insurance coverage. These Pew Research Center reports, linked to in this article, have documented the impact of the Great Recession and shaky recovery on Americans’ wealth, work lives, personal finances and emotional well-being.