This blog compiles the thoughts of UCLA undergraduates on the connections between economic history and current events. All contributors to this blog are enrolled in Ec183, The Development of Economic Institutions in the United States. The premise of this course is the history matters. The careful application of economic theory and quantitative reasoning can help us understand the past.
Monday, November 28, 2011
The increase of economic insecurity among Americans
The Great Recession has triggered an increase in the percentage of Americans facing economic insecurity. In 1986, 14.3% of the nation were economically insecure; in 2008, 2009, and 2010, the percentage rose to 20%. Surprisingly, Americans have been becoming economically insecure since before the Great Recession. 16% of Americans felt insecure during the 10-year period from 1986 to 1996. By the next decade, the percentage rose to 17%. Hacker measures economic insecurity by looking at income loss, out-of-pocket medical expenses, and lack of savings.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment