Yes, the Rich Are Different
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. They are viewed as more intelligent and more hardworking but also greedier and less honest. […]
Middle-Income Economics and Middle-Class Attitudes
This posting describes and links to a new report, “The Lost Decade of the Middle Class,” that combines income data from the Census Bureau, wealth data from the Survey of Consumer Finances and findings from a new survey to paint a portrait of diminished finances and muted hopes.
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 […]
The Middle Class Shrinks and Income Segregation Rises
A new Pew Research Center report shows that the share of upper-income households living in neighborhoods that are mainly upper income has risen from 1980 to 2010, as has the share of lower-income households living in neighborhoods where most other households are lower income. Income segregation also has grown in most of the nation’s largest metropolitan areas.
Residential Income Segregation Maps
View residential income segregation maps of top 10 U.S. metro areas.
The Boomerang Generation
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.
Labor Force Growth Slows, Hispanic Share Grows
Hispanics will account for three-quarters of the growth in the nation’s labor force from 2010 to 2020, according to new projections from the Bureau of Labor Statistics (BLS). One major reason is that the Hispanic population is growing rapidly due to births and immigration. At the same time, the aging of the non-Hispanic white population is expected to reduce their numbers in the labor force.
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.
Rising Share of Americans See Conflict Between Rich and Poor
The Occupy Wall Street movement no longer occupies Wall Street, but the issue of class conflict has captured a growing share of the national consciousness.
Cohabiting Couples and Their Money
Money-sharing by cohabiting couples is the topic of this article, which focuses on the Census Bureau’s new alternative measure of poverty. Cohabiting couples are much less likely to be considered poor under the alternative measure than the official measure of poverty’; the major reason is that the alternative measure assumes such couples share expenses, while the official measure assumes they are separate economic units.