Great Recession took deep toll across U.S. states

[mia]

...Researchers said their study is the first state-by-state look at the how the downturn affected economic security and household incomes. It was paid for by the Rockefeller Foundation, a global nonprofit organization focused on relieving economic inequality....

The index represents the percentage of the population who experienced a substantial financial loss from one year to the next. Specifically, it shows the share of Americans who experienced a financial loss of 25 percent or greater due to either a decline in income, an increase in medical spending or both.

States with the worst economic losses from 2008 to 2010 were Florida, Georgia, Alabama, Mississippi, Arkansas and California. Among the states with the least impact were Vermont, Connecticut, New Hampshire, Rhode Island, Massachusetts and Maine....

The longer-term findings indicate "the broad vulnerability of Americans of all walks of life and in all parts of the nation to large income losses," Hacker and his team wrote.


http://www.reuters.com/article/2012/06/21/usa-economy-insecurity-idUSL1E8HL3CX20120621


Does looking back at the "The Great Recession" mean that the outlook is brighter?

[Starry Messenger]

1. It still is.

Towns in CA are going bankrupt.

[bigwillq]

2. It's still really bad out there

I live in CT. I wouldn't say that state has exactly recovered yet. Long way to go.

[coalition_unwilling]

3. We are technically no longer in a recession (as economists use

the term), although various regions of the country remain severely depressed. California, for example, has an unemployment rate of some 11% as of May 2012.

The outlook is not getting darker is about all I can find positive to say.

[wilt the stilt]

4. stop calling it a recession

It's a depression. The last time we had a bank failure and a property value decline nationally was the great depression. The great"recession" is giving into the republicans and not giving how difficult it is to get out of it.

[mia]

6. The GOP led our country over the edge, and will continue to do so, if given the chance.

Whatever the era is called, President Obama is leading us forward to better times.

[BarbaRosa]

5. I wish people would stop calling it the great recession,

(not aimed at you, mia) but call it what it is. . . The Great bush/cheney recession/depression, or at least the Great GOP recession /depression.