More than half (55%) of all adults in the labor force say that since the Great Recession began 30 months ago, they have suffered a spell of unemployment, a cut in pay, a reduction in hours or have become involuntary part-time workers, according to a new survey by the Pew Research Center’s Social and Demographic Trends Project.
The survey also finds that the recession has led to a new frugality in Americans’ spending and borrowing habits; a diminished set of expectations about their retirements and their children’s future; and a concern that it will take several years, at a minimum, for their family finances and house values to recover.
Not all survey findings are bleak. More than six-in-ten (62%) Americans believe that their personal finances will improve in the coming year, and a small but growing minority (15%) now says the national economy is in good shape.
the market has given us such an affluent society, that individuals don’t feel the need to marry to pool resources.
John?
[blockquote]the market has given us such an affluent society, that individuals don’t feel the need to marry to pool resources.[/blockquote]
What color is the sky in your world?
Poverty in this country is made up of mostly unmarried mothers, John – what are you talking about?