Stunning statistics from the census
I bet when you filled out your census form, you didn’t think it’d make national news. But given the Great Recession, it’s no surprise that the data from 2009 is so compelling. Many of the articles I read last week were based on fascinating statistics about how the recession has affected our everyday. Here are a few reports that stuck with me:
The headline alone broke my heart. And then, lending visual proof to the headline is an interactive map of the U.S., which lets readers see instant snapshots of where we are as a society: What percent of the population is below the poverty level? Which states have the most people without health insurance? How many households have taken in extended family members? I urge you to click around on the map to see what’s happening in your area and across the U.S.
For many adults, marriage can wait, Census shows (Wall Street Journal)
Ever since I wrote my book, Get a Financial Life: Personal Finance in Your Twenties and Thirties, I’ve been tracking this age group. Sadly, 20-somethings today face an unemployment rate that’s nearly 50% higher than the rest of the population. And unemployment can destroy one’s finances, not to mention one’s confidence, so no wonder this group wants to delay marriage. However, marrying later in life could bring a whole new slew of money issues to the relationship: Are you more likely to meet someone who has racked up a ton of debt over the years, which can put a strain on marriage? How do you compromise on finances when you’ve spent years developing your own stubborn money habits (for better or worse)?
Welcome to the Stay-Put Economy (The Atlantic)
Picture a society frozen in time. That’s the effect the recession has had on us on so many levels, and especially in the workplace, where the average employee now spends 4.4 years with his/her company (one year more than in 2000). Workers are staying glued to their swivel chairs, terrified that leaving means risking job security. With employers valuing job mobility over loyalty these days, staying in a position for more than 5-7 years with no chance of upward growth may mean you’ve professionally flatlined.
What articles about the census or the recession have stunned you this week?