Before the Great Recession, a Phantom Recovery
The eight-year period from 1999 through 2007 is the longest in modern U.S. economic history in which inflation-adjusted median household income failed to surpass an earlier peak.
Economic Conditions
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Economic Conditions
Publications
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Religious Groups Agree: Fixing the Nation’s Economy Is Job One
In a Feb. 24 address to Congress, President Barack Obama vowed to tackle the problems at the root of the nation’s faltering economy. While there is general agreement among religious groups that strengthening the economy should be a top policy priority for the government, people of different faiths are divided in their support for addressing […]
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One-In-Five Homeowners Feels “Underwater” On Mortgages
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As Jobs Crisis Spreads, Worries Climb the Economic Ladder
Overview For the public, the continuing financial crisis has been overtaken by a jobs crisis. The proportion of Americans citing jobs or unemployment as the nation’s most important economic problem has more than quadrupled – from 10% to 42% – since early October and job worries now far surpass concerns over the financial crisis. People’s […]
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Hispanics and the Economic Downturn: Housing Woes and Remittance Cuts
Almost one-in-ten (9%) Latino homeowners say they missed a mortgage payment or were unable to make a full payment and 3% say they received a foreclosure notice in the past year.
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Gains Seen On Minority Discrimination – But Little Else
Overview As Barack Obama prepares to take office, majorities say the country is losing ground on any number of key issues, particularly economic ones. Nearly eight-in-ten (79%) say the country is falling further behind on the federal budget deficit, far more than said that during the mid-1990s when the deficit was a top-tier policy issue. […]