Senior Fellow Algernon Austin and Jared Bernstein discuss how the "bad culture" arguments about African-Americans are misguided at best and destructive at worst. By creating an erroneous causal link between "bad culture" and black poverty, the "Cosby consensus" prevents the country from recognizing success and building on it to create the economic opportunities that are missing for too many African-Americans.
Cindy Zeldin, Federal Affairs Coordinator for the Economic Opportunity Program, writes that mega-retailer's abandonment of traditional health insurance in favor of high-deductible health insurance takes the benefits squeeze to a whole new level: it puts a dagger through the heart of the very concept of insurance.
Senior Fellow Jennifer Wheary discusses how gaps in homeownership and equity levels are due to serious flaws in the opportunity infrastructure — namely lending practices that create barriers for African-Americans and Latinos who want to buy homes.
The HUD report says race-based discrimination makes up nearly 40 percent of housing complaints. Housing discrimination in any form is unacceptable. But continuing discrimination with regard to race could cost the country its future.
Michael Lipsky and Dianne Stewart, Senior Program Director and Director of Public Works at Demos, call for nonprofit groups to lead an effort restore widespread appreciation of the critical role of government as a protector of public values and as a place where Americans come together to solve our most pressing problems.
The children of the New Economy have responded to the economic disparity and social insecurities in our schools, neighborhoods and workplaces with a backlash against government bashing.
In the past 15 years the ramifications of poor credit have grown, as credit score "mission creep" has set in, said Amy Traub, a senior policy analyst with the New York-based think tank Demos and author of the recently released report "Discrediting America." Credit scores determine not just the interest rates paid on material goods, such as a cell phone or car, but also the pricing of utilities and insurance. Approximately 60 percent of employers use credit reports to screen job applicants.
“The middle class is not on the same solid footing that it once was,” said Jennifer Wheary, who cowrote a study on the recession’s impact on middle-class African Americans and Latinos with Brandeis University and the New York think tank Demos.
Amy Traub, a senior policy analyst at watchdog group Demos, says that credit-based insurance scores hurt lower-income people more because they are more likely to have lower scores. She noted a study that showed while those with lower scores made more claims because they couldn't swallow the costs, the cost of those claims were not necessarily greater.
In its bombshell of a report “Discrediting America,” the nonpartisan public policy research group Demos sums up the problem for black and Latinos:
Credit reports largely mirror racial and economic divides, with African Americans and Latinos disproportionately likely to have lower scores. In turn, these communities are more likely to be offered high-priced loan products, which may contribute to more defaults, maintaining and amplifying historical injustice.
The Devastating Impact Of This Right-Leaning, Ideological Court May Only Get Worse
Last week, an HBO film crew was in my Manhattan neighborhood shooting a movie about legendary record producer Phil Spector, now serving nineteen years to life for the 2003 shooting death of actress Lana Clarkson.
States work to curb the financial background checks that can keep the unemployed out of work.
After two years of working in a temporary job as customer-service representative, Debra Banks was offered the job permanently. She was sent a hire letter, set a start date, and confirmed her new salary. But there was a hitch: To get the job, Banks had to undergo a credit check.
Florida Republicans in Jacksonville have been busy compiling and disseminating lists that many believe will be used to challenge minority voters today.
(A report, "Securing the Vote, a Report on Election Fraud," would suggest the Republicans' concerns are overstated. The paper, released by the nonprofit group Demos, shows that election fraud is at most a minor problem across the 50 states and does not affect election outcomes.)
A combination of escalating student loan and credit-card debt, rising costs, slow wage growth and underemployment have accumulated debt "unmatched in modern history" undermining the economic security and financial health of young Americans aged 18-34, according to a new study.
The report, "Generation Broke: The Growth of Debt Among Younger Americans," was released by Demos, a nonpartisan, public policy group, based on the Federal Reserve's Survey of Consumer Finances as well as dozens of other sources.