Journal Article Economic Insecurity Across the American States: New State Estimates from the Economic Security Index
Austin Nichols, Additional Authors
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Nearly every state has experienced record economic insecurity recently, measured by the Economic Security Index (ESI) as the percentage of people losing more than a quarter of their available income from one year to the next without sufficient liquid wealth to offset the loss. More than one in six in New Hampshire (lowest), and nearly one in four in Mississippi (highest), suffered large losses between 2009 and 2010. All states experienced a substantial rise in insecurity between 1986 and 2010. The insecurity rank of states changed little over the 1986-2010 period--state differences in insecurity appear to be persistent.
Research Areas Economic mobility and inequality Wealth and financial well-being Aging and retirement Social safety net
Tags Economic well-being State programs, budgets Wages and nonwage compensation Income and wealth distribution Wages and economic mobility
Policy Centers Income and Benefits Policy Center