Wealth Gaps Rise to Record Highs Between Whites, Blacks, Hispanics
The median wealth of white households is 20 times that of black households and 18 times that of Hispanic households, according to a Pew Research Center analysis of newly available government data from 2009.
Living Together: The Economics of Cohabitation
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.
Lifetime Earnings of College Graduates
A new Pew Research Center analysis, using Census Bureau data, estimates that the typical adult with a bachelor’s degree (but no further education) will earn $1.42 million over a 40-year career, compared with $770,000 for a typical high school graduate.
Home Sweet Home. Still.
The collapse of the U.S. housing market has not shaken the public’s confidence in the investment value of homeownership.
Baby Boomers Approach 65 – Glumly
As the leading edge of the giant Baby Boomer generation turns 65 on January 1, 2011, a Pew Research roundup of new and recent surveys finds that this age group is more downbeat than others about the trajectory of their lives and the direction of the nation as a whole. This report explores Boomers’ political and social values; their economic hopes and fears and their overall satisfaction with life.
The Rise of College Student Borrowing
Graduates who received a bachelor’s degree in 2008 borrowed 50% more than their counterparts who graduated in 1996, while graduates who earned an associate’s degree or undergraduate certificate in 2008 borrowed more than twice what their counterparts in 1996 had borrowed.
Using Census Data to Document Economic Distress
The Census Bureau just released its 2009 American Community Survey statistics, and included some additional analysis to address public interest in using the data to document the impact of the economic downturn.
One Recession, Two Americas
For a narrow majority of Americans (55%), the Great Recession brought a mix of hardships, usually in combination: a spell of unemployment, missed mortgage or rent payments, shrinking paychecks and shattered household budgets, but for the other 45% of the country, the recession was largely free of such difficulties.
A Third of Public Says It’s Sometimes OK for Homeowners to Stop Making Mortgage Payments
More than a third (36%) of Americans say the practice of “walking away” from a home mortgage is acceptable, at least under certain circumstances.
Since the Start of the Great Recession, More Children Raised by Grandparents
One child in 10 in the United States lives with a grandparent, a share that increased slowly and steadily over the past decade before rising sharply from 2007 to 2008, the first year of the Great Recession.