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Why elected officials are turning away from the economic policies that long guaranteed hardworking Americans the opportunity to join the middle class.
Press release/statement
Young adults are pulling back on credit-card debt for similar reasons, said Amy Traub, a senior policy analyst at Demos, a public policy research organization. It found that Americans age 25 to 34 cut their credit card debt in half between 2008 and 2012. All around them, young adults are seeing
In the media
Tami Luhby
While much of the country’s attention is focused on the need for job growth, a new report to be released Monday, March 4 by national public policy organization Demos reveals the ways in which the use of credit history in hiring acts as a significant barrier to employment and may lead to
Press release/statement
What's problematic about the RATE Coalition's arguments is that it doesn't acknowledge basic facts about U.S. corporate taxes.
Blog
David Callahan
In the aftermath of the financial crisis, plenty of Americans have seen their credit scores tank. But can that really affect your ability to get a job? Yes, because employers increasingly are relying on workers' credit histories in screening applications.
In the media
David Schepp
Already, the biggest banks in the U.S. are huge. The largest 0.2 percent of institutions — just 12 mega-banks — control 69 percent of total bank assets. The 20 biggest banks hold assets equal to 84.5 percent of the nation’s entire economic output.
In the media
Pat Garofalo
Despite millennials' lingering reputation as financial delinquents, it turns out not everyone drowning in credit card debt has a newly-printed college diploma and a stack of student loan bills. A recent article by Reuters' Chris Taylor reveals baby boomers are facing an even steeper road to
In the media
Megan Durisin
Mandy Woodruff
If you consider yourself part of the middle class, you could be forgiven for not standing at the ready after President Obama called for you to be reignited.
In the media
Sharon Schmickle
Harsh, an IT professional from Tuscola, Illinois, is 62, around the age at which a lot of people start actively planning to retire to a white-sandy beach with a frozen margarita in hand. Harsh's debt snuck up on her as she helped her two daughters with college and living costs. She went back to
In the media
Chris Taylor
We’ve highlighted how the U.S. media leads the world in the amount of time given to climate deniers, even though nearly 80 percent of Americans believe in climate change.
Blog
J. Mijin Cha