19 Signs The Economy Is Worse Now Than Ever In Your Lifetime

pewreport

Pew has a depressing new report called How The Great Recession Has Changed Life In America.

There’s growing evidence of a generational impact from the crisis, similar to how the Great Depression created a generation of penny pinchers.

Most people say the recession is continuing and it’s having a radical impact on their life.

Few Americans feel comfortable with their financial picture, and many fear they’re slipping into a permanently lower standard of living.

Americans are slowly giving up on the American Dream

Source: Pew

Most people say the recession caused a major change... that may be permanent

Source: Pew

Sure the unemployment rate has been higher...

Source: Pew

But long-term unemployment is setting ridiculous highs

Source: Pew

Not counted in those numbers is a surge in underemployment

Source: Pew

Many unemployed people say they are falling into a lower class

Source: Pew

The Lower Class is growing

Source: Pew

Meanwhile, Lower Class suffers far and away the most

Source: Pew

Only 30% of Americans are living comfortably

Source: Pew

Most people expect their personal recovery to last many years

Source: Pew

Retirement confidence keeps falling

Source: Pew

Most Americans nearing retirement may postpone it

Source: Pew

Hardly anyone thinks the economy is in good shape -- even Democrats

Source: Pew

63% of Republicans and 43% of Democrats say the recession continues

Source: Pew

(Which is funny, because almost all economists would say that GDP has technically stopped falling)

People are buying store brands... cancelling vacations... spending less on alcohol and cigarettes...

Source: Pew

The most suffering demographic was... young black men

Source: Pew

Surprisingly, blacks feel most positive about the economy... but the overall numbers are still dismal

Source: Pew

People are still more optimistic than pessimistic about the long-term future... but it's evening out

Source: Pew

Only one modern American downturn lasted longer...

Source: Pew

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