A Third of Americans Now Say They Are in the Lower Classes
The percentage of Americans who say they are in the lower-middle or lower class has risen from a quarter of the adult population to about a third in the past four years, according to a national survey of 2,508 adults by the Pew Research Center. Not only has the lower class grown, but its demographic […]
Americans Feel No Better or Worse Off in the Obama Years; Politics Colors Views of Recession’s Toll
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 […]
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. […]
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 […]
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.
The Rising Age Gap in Economic Well-Being
Households headed by older adults have made dramatic gains relative to those headed by younger adults in their economic well-being over the past quarter of a century.
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.
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.