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 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 [...]
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 [...]
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.
Hispanics and Asians are gaining jobs at a faster rate in the economic recovery than are blacks and whites, immigrants are outpacing the native born, and men are faring better than women.
If there’s supposed to be a stigma attached to living with mom and dad through one’s late twenties or early thirties, today’s “boomerang generation” didn’t get that memo.