Labor & Economic News Blog
Thursday, February 07, 2013
Diminished Lives and Futures: A Portrait of America in the Great-Recession EraDiminished Lives and Futures: A Portrait of America in the Great-Recession Era
Five years into the devastating Great Recession and its aftershocks, millions of Americans are still badly and perhaps permanently damaged financially and deeply pessimistic about near- and long-term prospects for the U.S. economy, according to a new nationwide survey from the Heldrich Center. Six in ten Americans believe that the nation’s economy has undergone a permanent change. More than half say that the economy will take at least six years to fully recover from the Great Recession, with 29% saying the economy will never fully recover. Only one in five are confident that job and career opportunities will be better for the next generation of American workers.
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