Finances Struggling in the Recession? You're Not Alone

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.