Household wealth has yet to recover
Until the housing market and home equity levels fully recover, the typical American household still has a ways to go.
Richard Fry
Expertise:
Publications
The growing economic clout of the college educated
For the first time on record, nearly one out of every two dollars in aggregate U.S. household income went to the college educated.
Four takeaways from Tuesday’s Census income and poverty release
On Tuesday the Census Bureau released its annual trove of data on income, poverty and health insurance in 2012. Here were some of the key findings on household income: New data show that median household income has stagnated for the longest period since the government began collecting such data in 1967. In 2012 the median […]
Among recent high school grads, Hispanic college enrollment rate surpasses that of whites
A new U.S. Census Bureau report shows that after several years of gains, college enrollments in the U.S. fell between 2011 and 2012. But for one group—Hispanics—college enrollments were up, reflecting Hispanic population growth along with a growing share of young Latinos prepared for college. The new Census Bureau data also shows Hispanic students reached […]
Hispanic High School Graduates Pass Whites in Rate of College Enrollment
I. Overview A record seven-in-ten (69%) Hispanic high school graduates in the class of 2012 enrolled in college that fall, two percentage points higher than the rate (67%) among their white counterparts,1 according to a Pew Research Center analysis of new data from the U.S. Census Bureau.2 This milestone is the result of a long-term increase […]
A Rise in Wealth for the Wealthy; Declines for the Lower 93%
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 Bureau […]
Young Adults After the Recession: Fewer Homes, Fewer Cars, Less Debt
After running up record debt-to-income ratios during the bubble economy of the 2000s, young adults shed substantially more debt than older adults did during the Great Recession and its immediate aftermath—mainly by virtue of owning fewer houses and cars, according to a new Pew Research Center analysis of Federal Reserve Board and other government data. […]
No Reversal in Decline of Marriage
The number of Americans who recently wed has been declining for years, and 2011 was no exception, according to estimates from the American Community Survey. An estimated 4.2 million Americans were newlyweds in 2011, about the same as in 2010 and sharply lower than in 2008.
Record Shares of Young Adults Have Finished Both High School and College
Record shares of young adults are completing high school, going to college and finishing college, according to a Pew Research Center analysis of newly available census data. In 2012, for the first time ever, one-third of the nation’s 25- to 29-year-olds have completed at least a bachelor’s degree. These across-the-board increases have occurred despite dramatic […]
More Americans Worry about Financing Retirement
Despite a slowly improving economy and a three-year-old stock market rebound, Americans today are more worried about their retirement finances than they were at the end of the Great Recession in 2009, according to a nationally representative survey of 2,508 adults conducted by the Pew Research Center. About four-in-ten adults (38%) say they are “not […]
