More Americans Are Financially Insecure Now Than in the Last 25 Years
A record one in five American households is financially insecure, the highest level in the past 25 years, according to a new study establishing the “Economic Security Index” (ESI). This new ESI index, designed to measure the economic well-being of American families, was developed by Yale political scientist Jacob Hacker and a team of researchers, with the support of the Rockefeller Foundation. Here are highlights from the report: