Economy
Survey Details: Conducted May, 2010 File Release Date: 21 Sep 2011
Numbers, Facts and Trends Shaping Your World
Survey Details: Conducted May, 2010 File Release Date: 21 Sep 2011
Survey Details: Conducted May, 2010 File Release Date: 21 Sep 2011
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.
More than a third (36%) of Americans say the practice of “walking away” from a home mortgage is acceptable, at least under certain circumstances.
Workers who suffered a spell of unemployment during Great Recession are, on average, less satisfied with their new jobs than workers who didn’t. They are more likely to consider themselves over-qualified for their current position.
One day you’re the brightest star in the galaxy. Then something new comes along — and suddenly you’re a relic. It’s a turn of fate that awaits sports heroes, movie stars, political leaders. And, yes, even household appliances.
Long-term unemployment takes a much deeper toll than short-term unemployment on a person’s finances, emotional well-being and career prospects.
Of the 13 recessions that the American public has endured since the Great Depression of 1929-33, none has presented a more punishing combination of length, breadth and depth than this one.
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