Study: More Than 20 Percent Of Americans Are Economically Insecure

According to a new study by Yale professor Jacob Hacker, “more than one in five Americans saw at least a quarter of their available household income vanish in the Great Recession, yet lacked a sufficient financial cushion,” leaving them economically insecure. Hacker measures economic security by looking at income left over after medical bills and debts are paid. Overall, about 62 million Americans faced economic insecurity last year.