Finances Struggling in the Recession? You're Not Alone
Are you feeling a negative impact from that recession yet? If you are, don’t worry you have company.
In a new survey by the Pew Research, 55 percent of employees have experienced a reduction in their wages or daily hours since the beginning of the downturn. Also, job seekers have had to wait six months to find a new job, a far longer time-period than previous recessions, according to CNN.
The study, which was a mixture of telephone interviews and federal labor data, also found only 20 percent of workers’ finances have improved since the downturn began.
“This recession has left a mark on a lot of things,” said Pew Research Center project director Paul Taylor to CNN.
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