Friday, July 23, 2010

Lost Income, Lost Friends -- and Loss of Self-Respect


clipped from pewresearch.org

The Impact of Long-Term Unemployment

Long-term unemployment takes a much deeper toll than short-term unemployment on a person's finances, emotional well-being and career prospects, according to a new Pew Research Center survey that explores the attitudes and experiences of workers who have lost jobs during the Great Recession.

Of those who have experienced an unemployment spell of at least six months, more than four-in-ten (44%) report that the recession has caused "major changes" in their lives. By comparison, fewer than a third (31%) of those who had been unemployed less than six months and 20% of adults who were not unemployed during the recession say they were similarly affected.
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