{"id":9999,"date":"2009-06-21T10:21:16","date_gmt":"2009-06-21T15:21:16","guid":{"rendered":"http:\/\/thesocietypages.org\/socimages\/?p=9999"},"modified":"2012-10-19T03:58:50","modified_gmt":"2012-10-19T08:58:50","slug":"recovering-from-a-financial-loss","status":"publish","type":"post","link":"https:\/\/thesocietypages.org\/socimages\/2009\/06\/21\/recovering-from-a-financial-loss\/","title":{"rendered":"Recovering From A Financial Loss"},"content":{"rendered":"

Matthew Yglesias<\/a> featured two figures from the Pew Economic Mobility project<\/a>.\u00a0 They show how long different types of people tend to take to recover from income loss (within 1 year, 2-4 years, or 5-10 years).<\/p>\n

This figure shows that people who are older, have more education, or are poor, working, or middle class have a harder time recovering from tough economic times:<\/p>\n

\"recovery\"<\/p>\n

This figure shows how marital status is related to recovery.\u00a0 Most dramatically, people who get married before recovering financially (especially men), women who split with a partner, and women who are single have a more difficult time recovering.<\/p>\n

\"recoverygender\"<\/p>\n

Something to consider: As several commenters noted, I’m not sure how they defined “recovery” from income loss.\u00a0 If you never made a lot of money to begin with, does recovery simply mean returning to a state of low income?\u00a0 Then, does the income for an initially high income person need to return to its high state for it be counted as a “recovery”?<\/p>\n

(Just FYI: I revised my interpretation of these figures.\u00a0 Thanks to the early commenters who noticed I’d misinterpreted.\u00a0 It was really late at night when I wrote this post!)<\/p>\n

\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014<\/p>\n

Lisa Wade is a\u00a0professor of sociology at Occidental College<\/a>. You can follow her on\u00a0Twitter<\/a>\u00a0and\u00a0Facebook<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Matthew Yglesias featured two figures from the Pew Economic Mobility project.\u00a0 They show how long different types of people tend to take to recover from income loss (within 1 year, 2-4 years, or 5-10 years). This figure shows that people who are older, have more education, or are poor, working, or middle class have a […]<\/p>\n","protected":false},"author":51,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[349,29,36,12498,34,55,2105,2101,2088,778,272,274,285,1760,1757],"class_list":["post-9999","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-ageaging","tag-class","tag-economics","tag-economics-great-recession","tag-education","tag-gender","tag-gender-economics","tag-gender-education","tag-gender-marriagefamily","tag-intersectionality","tag-marriagefamily","tag-methodsuse-of-data","tag-raceethnicity","tag-raceethnicity-blacksafricans","tag-raceethnicity-whiteseuropeans"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/posts\/9999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/users\/51"}],"replies":[{"embeddable":true,"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/comments?post=9999"}],"version-history":[{"count":13,"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/posts\/9999\/revisions"}],"predecessor-version":[{"id":10079,"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/posts\/9999\/revisions\/10079"}],"wp:attachment":[{"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/media?parent=9999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/categories?post=9999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/tags?post=9999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}