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Caught In The Web:Recession-hit Americans Go Online
The Pew Internet and American Life Project said that 52 percent of American adults have suffered a major economic loss during the recession including 35 percent who have seen their investments lose more than half their value.
Twenty-seven percent who are employed full- or part time have had their pay cut, their hours reduced or lost benefits, the survey found, while 20 percent of homeowners have seen the value of their home reduced by at least half.
Fourteen percent have been laid off or lost their jobs.
The survey found that 69 percent of all American adults have gone online looking for help with personal economic issues and to gather information about the recession.
"Internet users are on a dual quest in this recession" said Lee Rainie, director of the Washington-based Pew Internet and American Life Project and co-author of the report, "The Internet and the Recession."
"They are seeking highly practical advice about how to survive," he said. "And they are going online to gain understanding of what went wrong, and what policies might fix the economy.
"In many cases, the Internet is also a pathway to contributing ideas -- and rants -- about hard times and a source of expert commentary," Rainie said.
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