Yet an analysis of post population trends by demographer Wendell Cox in the U. Virtually all of the 20 that have added the most residents from to are in the Old Confederacy, the Intermountain West and suburbs of larger cities, notably in California.
Overview Of the 13 recessions that the American public has endured since the Great Depression ofnone has presented a more punishing combination of length, breadth and depth than this one. The survey also finds that more than half of the adults in U.
While nearly all Americans have been hurt in one way or another, some groups have suffered more than others. Blacks and Hispanics have borne a disproportionate share of both the job losses and the housing foreclosures.
Young adults have taken the biggest losses on the job front. Middle-aged adults have gotten the worst of the downturn in house values, household finances and retirement accounts. Men have lost many more jobs than women. And across most indicators, those with a high school diploma or less education have been hit harder than those with a college degree or more.
Whether by choice or necessity, many Americans have already significantly scaled back their pre-recession borrow-and-spend habits. According to government data, household spending has gone down, savings rates have gone up, consumer credit has remained stable and mortgage debt has plunged during this recession.
The survey finds that the public is starting to see some light at the end of the tunnel. This report sets out to present a comprehensive balance sheet on the Great Recession by looking at economic outcomes, behavioral changes and attitudinal trends among the full population as well as various subgroups.
Our analysis is drawn from two sources—a comprehensive Pew Research telephone survey of a representative, national sample of 2, adults conducted from May 11 to May 31, see Appendix for detailsand a Pew Research analysis of government economic and demographic trend data.
One striking finding of the survey is that some of the demographic groups that have suffered the worst economic hits are also the ones most optimistic about a recovery—both for themselves personally and for the U.
Blacks and Hispanics are more upbeat than whites. The young are more optimistic than middle-aged and older Americans. And Democrats are more upbeat than Republicans, even though Democrats have lower incomes and less wealth and have suffered more recession-related job losses.
These group differences are apparent not just in responses to specific survey questions, but also in a set of statistical models that examine the independent impact of race, partisanship and age on the likelihood that a respondent will express optimism on six different attitudes about the economy tested in the survey, controlling for a range of demographic variables and recession-related experiences.
One likely explanation for these seemingly counterintuitive patterns is that in an age of highly polarized politics, Democrats and Republicans differ not only in their values, attitudes and policy positions, but, increasingly, in their basic perceptions of reality.
For most of the time that George W. Bush was in office, the reverse was true: Republicans were more upbeat—often, much more upbeat—than Democrats.Nov 02, · News about recession and depression. Commentary and archival information about recession and depression from The New York Times.
schwenkreis.com no longer supports Internet . Jan 13, · Anyone claiming that America’s economy is in decline is peddling fiction. But how much credit does President Obama really deserve for digging us out of the Great Recession.
The NBER does not define a recession in terms of two consecutive quarters of decline in real GDP. Rather, a recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
How the Great Recession Has Changed Life in America I.
Overview. Of the 13 recessions that the American public has endured since the Great Depression of , none has presented a more punishing combination of length, breadth and depth than this one.
Hunger in America spiked during the Great Recession, and it has never returned to normal levels.
Yet this week, food stamps could be in for a massive cut. The Great Recession, fueled by the crises in the housing and financial markets, was universally hard on the net worth of American families.
But even as the economic recovery has begun to mend asset prices, not all households have benefited alike, and wealth inequality has widened along racial and ethnic lines.