2012-09-11-皮尤-A_Recovery_No_Better_than_the_Recession_4页_36kb

Key Findings from the Report

Financial Well-being Trends

• Median household income declined by 4.1% from 2009 to 2011, equating to the recession's impact on income.
• This loss mirrors that of the Great Recession, which reduced income by 4.2% between 2007 and 2009.

Comparison to Past Recoveries

• The current "recovery" is the worst for household income in the post-recession period over the last four decades.
• Losses in the first two post-recession years (4.1%) are more severe than those after earlier recessions (e.g., 1.3% for 1990-91 and 2001 recessions).

Broader Economic Indicators

• Poverty rate rose from 14.3% in 2009 to 15.0% in 2011, after peaking at 12.5% in 2007.
• Median household wealth dropped by 39% from 2007 to 2010.
• Unemployment rate and duration saw minimal gains, with rates reaching 9.3% in 2009 and median unemployment weeks reaching 21.4.

Overall Assessment

• Incomes remain 8.9% lower than 1999 levels, after 12 years without surpassing previous peaks.
• Economic struggles persist through income, poverty, wealth, and labor market indicators, indicating the recovery is not better than the recession.