Young Adults After the Recession: Fewer Homes, Fewer Cars, Less Debt
After running up record debt-to-income ratios during the bubble economy of the 2000s, young adults 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, according to a new Pew Research Center analysis of Federal Reserve Board and other government data. […]
Chapter 1: Overview Second-generation Americans—the 20 million adult U.S.-born children of immigrants—are substantially better off than immigrants themselves on key measures of socioeconomic attainment, according to a new Pew Research Center analysis of U.S. Census Bureau data. They have higher incomes; more are college graduates and homeowners; and fewer live in poverty. In all of […]
The Sandwich Generation
With an aging population and a generation of young adults struggling to achieve financial independence, the burdens and responsibilities of middle-aged Americans are increasing. Nearly half (47%) of adults in their 40s and 50s have a parent age 65 or older and are either raising a young child or financially supporting a grown child (age […]
A Bipartisan Nation of Beneficiaries
As President Barack Obama negotiates with Republicans in Congress over federal entitlement spending, a new national survey by the Pew Research Center finds that a majority of Americans (55%) have received government benefits from at least one of the six best-known federal entitlement programs. The survey also finds that most Democrats (60%) and Republicans (52%) […]
More Americans Worry about Financing Retirement
Despite a slowly improving economy and a three-year-old stock market rebound, Americans today are more worried about their retirement finances than they were at the end of the Great Recession in 2009, according to a nationally representative survey of 2,508 adults conducted by the Pew Research Center. About four-in-ten adults (38%) say they are “not […]
Where the Public Stands on Government Assistance, Taxes and the Presidential Candidates
When the national conversation focuses on class, the social safety net and the distribution of wealth as it has in the past week, the public sees clear differences between Barack Obama and Mitt Romney, and Obama has an overall advantage. People are more likely to say Obama’s policies would help the middle class and poor, […]
Revising the Past, Using 2010 Census Data
Every decade, new information from the decennial census is used to update a wide range of government demographic estimates and survey benchmarks. In some cases, that results in revisions to previously published data, which researchers need to note.
News Coverage of 2011 Census Data: It’s the Economy
The Census Bureau released 2011 American Community Survey data today, and this posting looks at news coverage about the newly released estimates. Most coverage focused on economic indicators, with some stories saying the economy was still declining but others concluding the decline may have bottomed out.
Americans’ Views about Poverty and Economic Well-Being
The Pew Research Center has published a number of recent reports that are relevant to the new Census Bureau numbers for the 2011 poverty rate, median household income and people without health insurance. This posting lists and links to reports about Americans’ attitudes toward their own economic circumstances and views on helping the poor, as well as analysis and explanation about poverty and economic well-being.
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 […]