Majority of U.S. workers have felt hardship

A new study finds that over half of U.S. workers have lost wages in the recession.

Share this article!

A new report by the non-profit Pew Research Center finds that the recession has affected a majority of U.S. workers.

Many workers have experienced unemployment and more than half have lost wages.

U.S. workers are feeling insecure in their jobs because 55 percent of them have endured a work-related hardship, such as a period of unemployment, a cut in pay or a reduction in hours, the survey found.

Since the downturn, U.S. consumers have less home equity and less in their retirement accounts.

The average household’s wealth shrank by 20 percent in the past 2½ years, the report said. That’s the steepest decline since World War II.

Read more at The Register Guard.

{biztweet}Pew Research{/biztweet}


Latest from Oregon Business Team