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.