Tracking the Decline: Middle-Class Security in the 2000s

The security of the middle class has faltered in the wake of the recession, a trend expected to have long-lasting effects as Americans move toward retirement. Among working-age middle-income families, those defined as "secure" fell by 38 percent from 2004 to 2010 and the proportion defined...

Full description

Saved in:
Bibliographic Details
Published in:Policy File 2013
Main Authors: Meschede, Tatjana, Sullivan, Laura, Redfoot, Donald L, Kassner, Enid
Format: Report
Language:English
Subjects:
AARP
Economic policy
Online Access:Request full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:The security of the middle class has faltered in the wake of the recession, a trend expected to have long-lasting effects as Americans move toward retirement. Among working-age middle-income families, those defined as "secure" fell by 38 percent from 2004 to 2010 and the proportion defined as "vulnerable" grew by 42 percent. This report describes trends in security based on age, educational attainment, race/ethnicity, and family status.