During the first two years of the nation’s economic recovery, the mean net worth of households in the upper 7% of the wealth distribution rose by an estimated 28%, while the mean net worth of households in the lower 93% dropped by 4%, according to a Pew Research Center analysis of newly released Census [...]
After a divisive presidential campaign that focused on such polarizing issues as economic class and immigration, a new Pew Research survey finds that the American public perceives less conflict between groups at the center of these debates now than before the campaign began. The survey finds that 58% of adults say there are “very strong” [...]
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 believe that having a secure job is by far the most important requirement for being in the middle class, easily trumping homeownership and a college education, according to a new nationwide Pew Research Center survey of 2,508 adults. Nearly nine-in-ten adults (86%) say a person needs a secure job to be considered part of [...]
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. [...]
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.
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 [...]
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 in the future. Our new report explores how middle-class Americans view themselves, as well as their outlook on the future and on the presidential candidates who are [...]
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 segregation by income has increased during the past three decades across the United States and in 27 of the nation’s 30 largest major metropolitan areas1 , according to a new analysis of census tract2 and household income data by the Pew Research Center. The analysis finds that 28% of lower-income households in 2010 [...]
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.
Despite an extended economic downturn, the public’s impression of whether the nation is economically divided remains relatively stable.
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.
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.
Government leaders in India have agreed that the nation’s 2011 census could include a tally of castes, the complex structure of traditional social classes that last were officially measured in 1931. Those caste numbers are the basis of quotas for government employment and university enrollment, and help determine spending on social welfare programs. A council [...]
It may surprise anyone who has been following the charges of racism that have flared up during the debate over President Obama’s health care proposals, but the American public doesn’t see race as the source of the strongest social conflict in the country today.
Testimony of Paul Taylor, Executive Vice President, Pew Research Center to the Senate Finance Committee
Comments on a report that combines findings of one of our major national public opinion surveys with the Center’s analysis of four decades of demographic and economic trends from the Census Bureau and other sources.
There isn’t one American middle class; there are four. Each is different from the others in its attitudes, outlook and financial circumstance—sometimes in ways that defy traditional stereotypes of the middle class.
When it comes to anxiety about family finances, an old truism applies: Where you stand depends on where you sit. Or, more precisely, on where your house or apartment sits.
Only 13% of adults say it’s “very important” for them to be wealthy, ranking this personal priority far behind six others measured in a new survey .
Americans feel stuck in their tracks. A majority of survey respondents say that in the past five years, they either haven’t moved forward in life or have fallen backward.
African Americans see a widening gulf between the values of middle class and poor blacks, and nearly four-in-ten say that because of the diversity within their community, blacks can no longer be thought of as a single race.
As economists and politicians debate whether there is less mobility in the U.S. now than in the past, a new Pew survey finds that many among the public are seeing less progress in their own lives.