Standing on Shaky Ground: Americans' Experiences with Economic Insecurity
Recession took an economic toll on 93 percent of US households, according to new report
Ninety-three percent of American households suffered at least one "substantial economic shock" in the 18-month period from March 2008 to September 2009, according to a new report from the Rockefeller Foundation and Yale University.
The study, “Standing on Shaky Ground: Americans’ Experiences With Economic Insecurity," was designed in 2009 by an interdisciplinary team of scholars to provide a more complete picture of the ways in which economic instability were affecting the lives of the average American.
It measured a wide range of events and perceptions that could leave families feeling insecure, focusing on four broad domains of life: employment, medical care, wealth, and familial arrangements.
The study's results are a companion to the national Economic Security Index, which has shown that economic insecurity has worsened since the mid-1980s.