Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
1Activity
0 of .
Results for:
No results containing your search query
P. 1
esiupdate_11_16_13

esiupdate_11_16_13

Ratings: (0)|Views: 36|Likes:
Published by Helen Bennett
"Economic Security Index (ESI) report was released today by the Rockefeller Foundation and Yale professor Jacob Hacker. The latest research finds that Connecticut experienced a 1.4 percentage-point decline in economic insecurity, making the state one 11 in which economic insecurity declined in 2012. "
"Economic Security Index (ESI) report was released today by the Rockefeller Foundation and Yale professor Jacob Hacker. The latest research finds that Connecticut experienced a 1.4 percentage-point decline in economic insecurity, making the state one 11 in which economic insecurity declined in 2012. "

More info:

Published by: Helen Bennett on Nov 20, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

11/26/2013

pdf

text

original

 
Summary
The Economic Security Index (ESI)—a comprehensive indicator of household economic instability—shows the
household economic circumstances of Americans connuing to improve.
Naonwide, the ESI fell by 1.1 percentage points from 2011 (18.9 percent) to 2012 (17.8 percent). Eleven states experienced stascally signicant decreases in insecurity in 2012. The rest did not change in a stascally sig
-
nicant way.
A fall in the share of the populaon experiencing large household income losses is the main driver of the decline in the ESI. Part of the decrease, however, is a result of falling household debt levels. As households pay down debt, the share of their incomes eaten up by interest payments falls while their net worth rises, improving their security.
ESI Update: Economic Security Continues to Improve in 2012;
November 19, 2013
Figure 1: ESI by State, 2012Introduction
Americans’ household security connued to stabilize in 2012, following the deepest recession since the 1930s. While the recession ocially ended in 2009, for Ameri
-can families this did not translate into an immediate
reducon in insecurity. In 2009, a record 20.5 percent
of individuals lost at least a quarter of their household
resources, and levels remained high in 2010. The rst large decline in insecurity of 1.3 percentage points oc
-
curred in 2011. The economic circumstances of Ameri
-
can households connued to stabilize in 2012, with an addional 1.1 percent reducon (18.9 percent to 17.8 percent).
The ESI in brief 
The Economic Security Index is a comprehensive measure of economic security that tracks the propor-
on of Americans who see their “available household income”—their household income aer paying for med
-
ical care and servicing their nancial debts—decline by 25 percent or more from one year to the next and who lack sucient nancial wealth (such as savings) to replace this lost income.
November 2013
State
20112012
Arkansas
21.018.8-2.2Conneccut17.015.6-1.4Washington DC19.717.4-2.3
Idaho
20.118.4-1.7
Iowa
17.115.5-1.6
Kansas
18.916.9-2.0
Maryland
16.915.5-1.4
Minnesota
15.113.7-1.4
New Jersey
18.016.2-1.8South Dakota18.517.1-1.4Virginia17.116.0-1.1
Table 1: ESI by State, 2012
Big Strains Remain

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->