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Economic anxiety, also referred to as economic insecurity, is the state of concern about the future of one's economic prospects, owing to low economic security.Economic anxiety can increase due to loss of household income or decreased purchasing power, causing affected individuals to self-report having more issues with societal structure and a lower quality of life. [1]
Without such security, people may experience its opposite: economic insecurity and resulting economic anxiety. Financial security more often refers to individual and family money management and savings. [1] [2] Economic security tends to include the broader effect of a society's production levels and monetary support for non-working citizens.
Insecurity is the key lens through which Terry Friedline, scholar and the author of Banking on a Revolution, looks when she studies the financial struggles of people on the economic edge.
Overall, workers in the construction industry have the highest rate of job insecurity at 55%. [9] The impact of unemployment and job insecurity on both mental and physical health is now the subject of a growing body of research. This will offer insights into why, for example, an increasing number of men in the United States are not returning to ...
It appears economic insecurity among Americans is as rampant as false rumors of Shirley Sherrod's racism. The nation's populace is at its most vulnerable in 25 years, according to a report ...
The most recent data from the Joint Economic Committee in 2020 reveals only 35% of those between the ages of 55 and 64 had a pension or retirement savings held in a 401(k) or IRA.
Economic restructuring is used to indicate changes in the constituent parts of an economy in a very general sense. [1] In the western world, it is usually used to refer to the phenomenon of urban areas shifting from a manufacturing to a service sector economic base.
The impact of the 1973 oil crisis and the emergence of the OPEC cartel was a particular milestone that prompted some countries to increase their energy security. Japan, almost totally dependent on imported oil, steadily introduced the use of natural gas, nuclear power, high-speed mass transit systems, and implemented energy conservation measures. [16]