Tag Archives: substantial economic shock

All levels of American Families Reeling From Economic “Shock”

More than 93% of American households experienced “substantial economic shock” in 2008-2009, according to a Rockefeller Foundation-supported study headed by political science professor Jacob Hacker.

The study report, titled “Standing on Shaky Ground: Americans’ Experiences with Economic Insecurity,” was launched at a press event at the New America Foundation in Washington, D.C. on Dec. 14. According to organizers of the event, the study, which is the first to detail the impact of economic insecurity on the well-being of Americans, suggests that increased risk of economic hardship has become the rule, not the exception, for many Americans — even in good times. (more…)

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