Economic Security Index

More than 1 in 5 Americans are economically insecure, By Tami Luhby, November 28, 2011, CNNMoney.com: “More than one in five Americans saw at least a quarter of their available household income vanish in the Great Recession, yet lacked a sufficient financial cushion, according to a report released Monday. The situation has left them economically insecure, according to the report, which updates an Economic Security Index created by Jacob Hacker, a political science professor at Yale. More than 20% of the nation was in this condition in the three years spanning 2008 to 2010, a sharp increase from 14.3% in 1986. Some 62 million Americans faced economic insecurity last year. The Great Recession is also prompting deep losses among the insecure, with the median drop in income for this group hitting a record 46.4% in 2009…”