- Census Bureau: Millions more Americans shared households in face of recession, By Michael A. Fletcher, June 20, 2012, Washington Post: “Millions of economically pressed Americans cushioned themselves against the recession by doubling up in houses and apartments, according to a Census Bureau report released Wednesday. The number of adults sharing households with family members or other individuals jumped 11.4 percent between 2007 and 2010, the report said. Overall, such living arrangements accounted for 22 million households in 2010 – or 18.7 percent of all U.S. households, compared with 17 percent in 2007…”
- Toll of US recession: Family net worth plunged 35 percent in five years, By Mark Trumbull, June 18, 2012, Christian Science Monitor: “The toll of the great housing bust and financial crisis came into clearer focus Monday, as the Census Bureau released numbers showing a 35 percent drop in net worth for the median US household between 2005 and 2010. The numbers give a report card on the financial health of US families before and after the recession. The typical household saw its net worth – financial assets minus debts – fall from $102,844 in 2005 to $66,740 five years later, with the census giving those numbers in inflation-adjusted 2010 dollars…”
Poverty-related issues in the news, from the Institute for Research on Poverty