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Saturday, December 10, 2011

Chart of the Day: Totally Wrecked

linked from Jesse's Café Américain - Categorizing the Unemployed by the Impact of the Recession

From the Rutgers University working paper: (PDF link)

"The full four surveys of the unemployed released earlier chronicle in full how workers have tried to cope with the recession and the economic, social, and psychological costs they have incurred along the way. We’ve picked seven items to profile the typology groups. ... For example, two-thirds of the devastated report having borrowed money from family or friends to stay afloat, as did half of those who have been downsized and a quarter of those who are recovering. Two-thirds of the devastated, 41% of the downsized, and 18% of the recovering report having sold possessions to help make ends meet. Roughly similar numbers — 60% of the devastated, 46% of the downsized, and 23% of the recovering — have cut back on medical visits or treatment. Two-thirds of the devastated and half of the downsized have reduced their spending on food so much that it has affected their daily lives. Almost three quarters of the devastated report feeling embarrassed or ashamed, as do more than half of the downsized and even 43% of the recovering."

Remember, please, that the GOP wants to make things worse, by proposing to cut the number of weeks that the unemployed can receive insurance benefits.

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