The Census Bureau released 2011 American Community Survey data today, and this posting looks at news coverage about the newly released estimates. Most coverage focused on economic indicators, with some stories saying the economy was still declining but others concluding the decline may have bottomed out.
The median income of American households decreased by as much in the two years after the official end of the Great Recession as it did during the recession itself. The latest estimates from the Census Bureau show that the median income for U.S. households in 2011 was $50,054.1 In 2009, the year the Great Recession […]
The economic euphoria in India over the last few years, inspired by the country’s seemingly inevitable march toward double-digit growth, has soured. Although still relatively upbeat compared with many other countries, the Indian public’s confidence in their country’s direction and future economic growth has declined significantly.
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 […]
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 […]
Add faith in the work ethic and in capitalism to the lengthening list of casualties from the Great Recession. Four years after the Lehman Brothers’ fiasco and the ensuing global economic downturn, the idea that effort in a competitive economy can lead to success is seriously questioned in a number of major economies, including Japan, Russia and Greece, especially among those who have suffered the most.
Overview Despite the stagnant economy and broad dissatisfaction with national conditions, Barack Obama holds a significant lead over Mitt Romney. Currently, Obama is favored by a 50% to 43% margin among registered voters nationwide. Obama has led by at least a slim margin in every poll this year, and there is no clear trend in […]
The economic mood is exceedingly glum around the world. Across the 21 countries surveyed, a median of just 27 percent think their national economy is doing well. Only in China, Germany, Brazil and Turkey do most people report that current national economic conditions are good.
The Great Recession seems to have accelerated the tendency of today’s young adults – sometimes labeled the “boomerang generation” – to move out of the family house for a time and then boomerang back.