The Joint Economic Committee produced the report, “From Wall Street to Main Street: Understanding How the Credit Crisis Affects You,” to use as an informational tool. It provides a common sense explanation of the current credit crisis and how it affects hard working Americans.
Aug 26 2008
Health Insurance in America
Since 2000, the ranks of uninsured Americans have grown by 7.2 million. This represents an 18.8 percent increase in the number of uninsured over the economic cycle between 2000 and 2007. The number of uninsured fell in 2007 for the first time since President Bush was elected.
Aug 26 2008
Income in America
American families are experiencing very difficult economic times – the toughest in terms of stagnant incomes since World War II. Real median household income is 0.6 percent lower in 2007 than it was at the end of the 1990s. Even though incomes grew by 1.3 percent ($665 ) between 2006 and 2007, this was not enough to make up for prior years' income losses. Since the Bush administration took office there has been a large increase in income inequality, with the poorest households’ income declining even as the richest households’ incomes rise. The data confirm that the vast majority of Americans have not benefited from economic growth over the past seven years.
Aug 26 2008
Poverty in America
American families are experiencing very difficult economic times – the toughest in terms of stagnant wages since World War II. Their incomes are lower in 2007 than at the end of the 1990s and income inequality has risen sharply. Under the Bush administration, the number of Americans living in poverty has increased by nearly 5.7 million; at the same time, incomes for families in the bottom 40 percent of the income distribution have fallen. Today, one out of every eight Americans is living below the federal poverty line.
The Joint Economic Committee, chaired by Sen. Charles E. Schumer, released a series of snapshots that examine the impact of the worsening economy on women, Hispanics, Americans nearing retirement, African-Americans, and young families. Each snapshot examines the current housing, jobs, wages, health care, and poverty data and their impact on these individual groups. You can find state-by-state economic snapshots on our website that were also recently updated.
Aug 01 2008
Women and Their Families are Being Squeezed
The Joint Economic Committee, chaired by Sen. Charles E. Schumer, released a series of snapshots that examine the impact of the worsening economy on women, Hispanics, Americans nearing retirement, African-Americans, and young families. Each snapshot examines the current housing, jobs, wages, health care, and poverty data and their impact on these individual groups. You can find state-by-state economic snapshots on our website that were also recently updated.
Aug 01 2008
Families Near Retirement are Being Squeezed
The Joint Economic Committee, chaired by Sen. Charles E. Schumer, released a series of snapshots that examine the impact of the worsening economy on women, Hispanics, Americans nearing retirement, African-Americans, and young families. Each snapshot examines the current housing, jobs, wages, health care, and poverty data and their impact on these individual groups. You can find state-by-state economic snapshots on our website that were also recently updated.
Aug 01 2008
Hispanic Families are Being Squeezed
The Joint Economic Committee, chaired by Sen. Charles E. Schumer, released a series of snapshots that examine the impact of the worsening economy on women, Hispanics, Americans nearing retirement, African-Americans, and young families. Each snapshot examines the current housing, jobs, wages, health care, and poverty data and their impact on these individual groups. You can find state-by-state economic snapshots on our website that were also recently updated.
Aug 01 2008
African American Families are Being Squeezed
The Joint Economic Committee, chaired by Sen. Charles E. Schumer, released a series of snapshots that examine the impact of the worsening economy on women, Hispanics, Americans nearing retirement, African-Americans, and young families. Each snapshot examines the current housing, jobs, wages, health care, and poverty data and their impact on these individual groups. You can find state-by-state economic snapshots on our website that were also recently updated.
Jul 22 2008
Equality in Job Loss
The Joint Economic Committee released this report, requested by Vice Chair Rep. Carolyn B. Maloney (D-NY), finding that the current downturn threatens women’s employment more than ever before. The 2001 recession was the first in decades during which women not only lost jobs, but also did not see their employment rates recover to their pre-recession peak. Unlike in decades past, families can no longer rely on women’s employment to help boost family income during a downturn. U.S. Sen. Charles E. Schumer is the Chairman of the Joint Economic Committee.
