Extended job loss dealt a serious financial blow to many workers during the Great
Recession and recovery. Despite the protection provided by unemployment insurance
benefits, family incomes fell 40 percent or more for half of workers unemployed for at least
six consecutive months between August 2008 and December 2011. About a quarter began
experiencing economic hardship, including more than a third of African Americans,
Hispanics, and unmarried adults. Social Security shielded most workers ages 62 and older …