Recession Leaves More than Half of American Workers Jobless or Underemployed
new study from the Pew Research Center shows that more than half of Americans — 55 percent, to be exact — have suffered a layoff, had their hours reduced or been forced to work part time during the recession. Here is a summary of some key findings:
* The recession has, at some point, left one in three workers unemployed and more than half of workers unemployed or underemployed — with their hours cut or their status reduced to part-time, for instance.
* 95 percent of Americans believe the economy is still in a recession, though 41 percent believe it is starting to come out of the recession. Just 3 percent believe the recession is over. Whites and Republicans are more likely than other demographic groups to say the recession is still going on — though statistically, minorities and Democrats are more likely to be unemployed or underemployed.
* More than 60 percent of Americans say they have cut back their spending. And nearly a third say they will continue to spend less, even when the economy is comfortably out of the recession.
* One-third of adults say they are “not confident” they will have income, assets and housing to finance their retirement. Among workers in their 50s, nearly two-thirds say they will put off retirement because they need to keep working to stay afloat.
* A quarter of respondents say their children will have a worse standard of living than they do, up from 10 percent 10 years ago.
One of the comments over at DU sd, "Put the GOP back in power and the other half will sink." What if that was the plan all along? Worse, most Americans can't or wont see the decades long good cop/bad cop routine that has herded us into this :
Our red road brothers did it to eat, our elite do it for greed.
Money Is Not Real Wait! wut!? Nevermind, don't read that because, Hey,