Pew study points to Internet as a leading recession-beating tool « Knight Center Community Connection

More than half of Americans have been hit hard during the current recession in a number of ways, according to a recent Pew Internet & American Life Project study (“The Internet and the Recession”):

• 35 percent of Americans have seen their investments lose more than half their value;

• 27 percent of those employed full time or part-time have had their pay cut, hours reduced, or benefits slashed;

• 27 percent of homeowners have seen the value of their home reduced by at least half; and

• 14 percent of Americans have been laid off or lost their jobs...