Economic Perception vs Reality

24 The Recession Paradox The wealth gap between white and non-white Americans is wider than it's ever been in the 25 years since the government began tracking the data. Conventional The Growing Disconnect Between Economic Disparity and Perception wisdom suggests that the people hit the hardest by the economic downturn should have a more negative view of the economy, but the figures show that's not the case. Minorities Have Been Hit Harder Still, Minorities Are Happier With the Economy MEDIAN HOUSEHOLD NET WEALTH* SATISFACTION WITH THE U.S. ECONOMY 2005 vs 2009 DWHITES vs DMINORITIES PERCENT WHO RESPONDED The recession that began in 2007 has taken a far greater toll on black, Hispanic, and Asian Americans than on "GOOD" OR "EXCELLENT" whites. All three non-white groups saw their median household net wealth plummet by more than 50 percent between 2005 and 2009, while white families' net wealth fell just 16 percent. 50% BLACK 41% Despite the growing wealth disparity, minority $12,124 PERCENT CHANGE: -53% 40% 35% Americans now are more likely to report being $5,677 32% satisfied with the economy than their white counterparts. HISPANIC 30% $18,359 -66% $6,325 20% 25% ASIAN 13% 13% 22% $168,103 11% - -54% 19% 12% $78,066 10% 8% 10% WHITE $134,992 7% -16% 6% $113,149 2005 2006 2007 2008 2009 2010 2011 "Inflation adjusted to 2009 dollars. SOURCES: | PEW RESEARCH | U.S. CENSUS BUREAU A COLLABORATION BETWEEN GOOD AND COLUMN FIVE %24 24 The Recession Paradox The wealth gap between white and non-white Americans is wider than it's ever been in the 25 years since the government began tracking the data. Conventional The Growing Disconnect Between Economic Disparity and Perception wisdom suggests that the people hit the hardest by the economic downturn should have a more negative view of the economy, but the figures show that's not the case. Minorities Have Been Hit Harder Still, Minorities Are Happier With the Economy MEDIAN HOUSEHOLD NET WEALTH* SATISFACTION WITH THE U.S. ECONOMY 2005 vs 2009 DWHITES vs DMINORITIES PERCENT WHO RESPONDED The recession that began in 2007 has taken a far greater toll on black, Hispanic, and Asian Americans than on "GOOD" OR "EXCELLENT" whites. All three non-white groups saw their median household net wealth plummet by more than 50 percent between 2005 and 2009, while white families' net wealth fell just 16 percent. 50% BLACK 41% Despite the growing wealth disparity, minority $12,124 PERCENT CHANGE: -53% 40% 35% Americans now are more likely to report being $5,677 32% satisfied with the economy than their white counterparts. HISPANIC 30% $18,359 -66% $6,325 20% 25% ASIAN 13% 13% 22% $168,103 11% - -54% 19% 12% $78,066 10% 8% 10% WHITE $134,992 7% -16% 6% $113,149 2005 2006 2007 2008 2009 2010 2011 "Inflation adjusted to 2009 dollars. SOURCES: | PEW RESEARCH | U.S. CENSUS BUREAU A COLLABORATION BETWEEN GOOD AND COLUMN FIVE %24 24 The Recession Paradox The wealth gap between white and non-white Americans is wider than it's ever been in the 25 years since the government began tracking the data. Conventional The Growing Disconnect Between Economic Disparity and Perception wisdom suggests that the people hit the hardest by the economic downturn should have a more negative view of the economy, but the figures show that's not the case. Minorities Have Been Hit Harder Still, Minorities Are Happier With the Economy MEDIAN HOUSEHOLD NET WEALTH* SATISFACTION WITH THE U.S. ECONOMY 2005 vs 2009 DWHITES vs DMINORITIES PERCENT WHO RESPONDED The recession that began in 2007 has taken a far greater toll on black, Hispanic, and Asian Americans than on "GOOD" OR "EXCELLENT" whites. All three non-white groups saw their median household net wealth plummet by more than 50 percent between 2005 and 2009, while white families' net wealth fell just 16 percent. 50% BLACK 41% Despite the growing wealth disparity, minority $12,124 PERCENT CHANGE: -53% 40% 35% Americans now are more likely to report being $5,677 32% satisfied with the economy than their white counterparts. HISPANIC 30% $18,359 -66% $6,325 20% 25% ASIAN 13% 13% 22% $168,103 11% - -54% 19% 12% $78,066 10% 8% 10% WHITE $134,992 7% -16% 6% $113,149 2005 2006 2007 2008 2009 2010 2011 "Inflation adjusted to 2009 dollars. SOURCES: | PEW RESEARCH | U.S. CENSUS BUREAU A COLLABORATION BETWEEN GOOD AND COLUMN FIVE %24 24 The Recession Paradox The wealth gap between white and non-white Americans is wider than it's ever been in the 25 years since the government began tracking the data. Conventional The Growing Disconnect Between Economic Disparity and Perception wisdom suggests that the people hit the hardest by the economic downturn should have a more negative view of the economy, but the figures show that's not the case. Minorities Have Been Hit Harder Still, Minorities Are Happier With the Economy MEDIAN HOUSEHOLD NET WEALTH* SATISFACTION WITH THE U.S. ECONOMY 2005 vs 2009 DWHITES vs DMINORITIES PERCENT WHO RESPONDED The recession that began in 2007 has taken a far greater toll on black, Hispanic, and Asian Americans than on "GOOD" OR "EXCELLENT" whites. All three non-white groups saw their median household net wealth plummet by more than 50 percent between 2005 and 2009, while white families' net wealth fell just 16 percent. 50% BLACK 41% Despite the growing wealth disparity, minority $12,124 PERCENT CHANGE: -53% 40% 35% Americans now are more likely to report being $5,677 32% satisfied with the economy than their white counterparts. HISPANIC 30% $18,359 -66% $6,325 20% 25% ASIAN 13% 13% 22% $168,103 11% - -54% 19% 12% $78,066 10% 8% 10% WHITE $134,992 7% -16% 6% $113,149 2005 2006 2007 2008 2009 2010 2011 "Inflation adjusted to 2009 dollars. SOURCES: | PEW RESEARCH | U.S. CENSUS BUREAU A COLLABORATION BETWEEN GOOD AND COLUMN FIVE %24 24 The Recession Paradox The wealth gap between white and non-white Americans is wider than it's ever been in the 25 years since the government began tracking the data. Conventional The Growing Disconnect Between Economic Disparity and Perception wisdom suggests that the people hit the hardest by the economic downturn should have a more negative view of the economy, but the figures show that's not the case. Minorities Have Been Hit Harder Still, Minorities Are Happier With the Economy MEDIAN HOUSEHOLD NET WEALTH* SATISFACTION WITH THE U.S. ECONOMY 2005 vs 2009 DWHITES vs DMINORITIES PERCENT WHO RESPONDED The recession that began in 2007 has taken a far greater toll on black, Hispanic, and Asian Americans than on "GOOD" OR "EXCELLENT" whites. All three non-white groups saw their median household net wealth plummet by more than 50 percent between 2005 and 2009, while white families' net wealth fell just 16 percent. 50% BLACK 41% Despite the growing wealth disparity, minority $12,124 PERCENT CHANGE: -53% 40% 35% Americans now are more likely to report being $5,677 32% satisfied with the economy than their white counterparts. HISPANIC 30% $18,359 -66% $6,325 20% 25% ASIAN 13% 13% 22% $168,103 11% - -54% 19% 12% $78,066 10% 8% 10% WHITE $134,992 7% -16% 6% $113,149 2005 2006 2007 2008 2009 2010 2011 "Inflation adjusted to 2009 dollars. SOURCES: | PEW RESEARCH | U.S. CENSUS BUREAU A COLLABORATION BETWEEN GOOD AND COLUMN FIVE %24 24 The Recession Paradox The wealth gap between white and non-white Americans is wider than it's ever been in the 25 years since the government began tracking the data. Conventional The Growing Disconnect Between Economic Disparity and Perception wisdom suggests that the people hit the hardest by the economic downturn should have a more negative view of the economy, but the figures show that's not the case. Minorities Have Been Hit Harder Still, Minorities Are Happier With the Economy MEDIAN HOUSEHOLD NET WEALTH* SATISFACTION WITH THE U.S. ECONOMY 2005 vs 2009 DWHITES vs DMINORITIES PERCENT WHO RESPONDED The recession that began in 2007 has taken a far greater toll on black, Hispanic, and Asian Americans than on "GOOD" OR "EXCELLENT" whites. All three non-white groups saw their median household net wealth plummet by more than 50 percent between 2005 and 2009, while white families' net wealth fell just 16 percent. 50% BLACK 41% Despite the growing wealth disparity, minority $12,124 PERCENT CHANGE: -53% 40% 35% Americans now are more likely to report being $5,677 32% satisfied with the economy than their white counterparts. HISPANIC 30% $18,359 -66% $6,325 20% 25% ASIAN 13% 13% 22% $168,103 11% - -54% 19% 12% $78,066 10% 8% 10% WHITE $134,992 7% -16% 6% $113,149 2005 2006 2007 2008 2009 2010 2011 "Inflation adjusted to 2009 dollars. SOURCES: | PEW RESEARCH | U.S. CENSUS BUREAU A COLLABORATION BETWEEN GOOD AND COLUMN FIVE %24