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 [...]
Asian Americans are more satisfied than the general public with their lives, finances and the direction of the country, according to a comprehensive new nationwide survey by the Pew Research Center.
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.
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.
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.
Cohabitation is an increasingly prevalent lifestyle in the United States. The share of 30- to 44-year-olds living as unmarried couples has more than doubled since the mid-1990s. Adults with lower levels of education—without college degrees—are twice as likely to cohabit as those with college degrees.
In a reversal of long-standing marital patterns, college-educated young adults are more likely than young adults lacking a bachelor’s degree to have married by the age of 30.
The eight-year period from 1999 through 2007 is the longest in modern U.S. economic history in which inflation-adjusted median household income failed to surpass an earlier peak.
African Americans see a widening gulf between the values of middle class and poor blacks, and nearly four-in-ten say that because of the diversity within their community, blacks can no longer be thought of as a single race.