Multi-generational Living During Hard Times
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.
Fighting Poverty in a Bad Economy, Americans Move in with Relatives
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.
Adding Context to the Census Bureau’s Income and Poverty Report
Pew Research Center reports can add context to the Census Bureau’s release of 2010 data on U.S. income, poverty and health insurance coverage. These Pew Research Center reports, linked to in this article, have documented the impact of the Great Recession and shaky recovery on Americans’ wealth, work lives, personal finances and emotional well-being.
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.