Economic Security during the "Great Recession"
http://thekojonnamdishow.org/shows/2010-08-10/economic-security-during-great-recession
With unemployment hovering at 9.5%, all Americans are experiencing anxiety about their economic future. But some researchers say national statistics are masking disturbing trends among working-class and middle-class Americans. We examine how the "Great Recession" has hit lower income families, and a new framework for considering economic security.
Guests
Jacob Hacker
Resident Fellow, Institution for Social and Policy Studies; and Professor of Political Science, Yale University
Emily Appel
Savings Program Director, Capital Area Asset Builders; Member, Defeat Poverty DC
Branden McLeod
Associate Director, Maryland Budget and Tax Policy Institute; Chair, Maryland Alliance for the Poor
Comments
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The study that your speaker mentioned showing that low income homeowners that purchased their homes using an incentivized matched savings account (an Individual Development Account) were 2-3 times less likely to experience foreclosure than other low-income buyers in the same communities was published by the Corporation for Enterprise Development and the Urban Institute and can be found at http://www.cfed.org/assets/pdfs/WeatheringTheStorm_Final.pdf