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The extent of economic insecurity in Utah got smaller in 2011 as the state’s economy continued to move away from the Great Recession that ended three years earlier, according to a study of U.S. households.
Last year, 16.8 percent of Utah’s population lost at least a quarter of its income. Bad as that was, it was an improvement from 18.4 percent in 2010, the nonpartisan Rockefeller Foundation said Thursday. In June, a previous version put the 2010 figure at 19 percent.
The drop of 1.6 percentage points was better than all but three states, Jacob Hacker a Yale University political scientist said. By contrast, the U.S. decline was 1.3 percentage points, to 18.9 percent from 20.2 percent in 2010. Even so, the 2011 figure still represents nearly one in five people who experienced significant losses.
Despite the uptick, the share of Utah and U.S. populations that endured deep financial stress last year may actually have been higher than the study reports. Hacker said the data don’t count the long-term unemployed because their incomes may have collapsed a year or more ago. Salt Lake Tribune
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