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Via Jon Cohn, a group of scholars at the Rockefeller Center, led by Jacob Hacker, have created a new measure called the Economic Security Index to complement the more traditional measures of poverty. Basically, it 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.

If you go to the ESI site, you can also play around with the index. How many people have lost a third of their income? Half? How are high school dropouts doing? How are different age groups doing? Different ethnic groups? It’s grim reading.

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IT'S NOT THAT WE'RE SCREWED WITHOUT TRUMP:

"It's that we're screwed with or without him if we can't show the public that what we do matters for the long term," writes Mother Jones CEO Monika Bauerlein as she kicks off our drive to raise $350,000 in donations from readers by July 17.

This is a big one for us. So, as we ask you to consider supporting our team's journalism, we thought we'd slow down and check in about where Mother Jones is and where we're going after the chaotic last several years. This comparatively slow moment is also an urgent one for Mother Jones: You can read more in "Slow News Is Good News," and if you're able to, please support our team's hard-hitting journalism and help us reach our big $350,000 goal with a donation today.

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