We are changing the conversation around our democracy and economy by telling influential new stories about our country and its people. Get our latest media updates here.
A few decades ago, students in most places could go to a state university for next to nothing. We all know that's now ancient history. But less appreciated is how much public tuition costs have increased in just the past few years, amid an epic state budget crisis. The chart below shows the huge spike in costs.
Lotteries are often competitions for something fun, like extra money or prizes. But for thousands of Tennessee residents who have escalating medical bills, their lives almost literally depend on a twice-yearly telephone lottery for people who need help paying medical bills, but while poor, do not quite qualify for TennCare, Tennessee's version of Medicaid. They must call a hotline so popular that its 2,500 call limit is reached in an hour or less. And that's only for requesting an application for the extra funding.
The company an employee works for makes all the difference. Over the course of a 40-year career, workers at some companies lose tens of thousands of dollars in 401(k) fees and earnings -- sometimes more than double the savings lost by workers at other firms, according to an exclusive analysis of about 2,300 company 401(k) plans by FutureAdvisor, an online financial adviser.
It's no secret that wealthy people have a lot more clout when it comes to politics and civic life. They are more likely to vote, contact their representatives, belong to advocacy organizations, and -- of course -- contribute to politicians, parties, and PACs. Compared to ordinary folks, many of the wealthy are "super citizens."
If the speaker of the Oklahoma House of Representatives gets his way, residents of his state will soon notice a barrage of advertisements promoting the benefits of marriage.
A new report by Professors Benjamin Page, Larry Bartels, and Jason Seawright presents the findings from one of the first studies of its kind—a study of the political clout and policy preferences of the wealth. Based on a pilot study of Chicagoans with a mean wealth of 14 million, "Democracy and the Policy Preferences of Wealthy Americans" shows that the wealthiest Americans not only are the most politically active, but have a different set of policy priorities.
What does $7.5 million buy you these days? If you’re Syngenta Corp, Cargill, or Monsanto it looks like it buys you a legislative rider called the “Monsanto Protection Act,” that strips federal courts of any authority to halt the planting and sale of genetically modified (GMO) seed crops, regardless of any consumer health concerns. Not a bad return on the $7.5 million these companies have donated to members of Congress since 2009.
The number of Americans age 60 and over in debt is alarming. A recent report by the AARP’s Public Policy Institute and the research organization Demos revealed that Americans over the age of 50 carried substantially more debt on credit cards — an average balance of $8,278 — than those under 50, whose average balance was $6,258.