Chart Of The Day

Jacob Hacker et al project that economic insecurity is reaching news highs. Drum summarizes:

Basically, [the Economic Security Index:] measures the number of people who have experienced a
major loss in income (25% or more) — either due to a decline in income
or large out-of-pocket medical expenses or both — and who lack adequate
financial wealth to buffer the drop. By their projection, the number of
Americans in this category is now over 20%, far higher than in any
previous recession.

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