The U.S. political system is increasingly gamed against Americans of modest means — a situation exacerbated in recent years by major changes in the nation's campaign laws.
The U.S. political system is increasingly gamed against Americans of modest means — a situation exacerbated in recent years by major changes in the nation's campaign laws.
That's the overriding takeaway from a new report slated for release today by Demos, a left-leaning nonprofit public policy group "working for an America where we all have an equal say in our democracy and an equal chance in our economy."
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 discriminatory hiring practices, particularly for people of color and the long-term unemployed.
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 signs of financial distress -- job insecurity, foreclosures, high college costs. That's making them think twice about applying for loans, she said.
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.
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.
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 school after a divorce and dealt with unexpected expenses such as big dental bills. Now she has about $300 a month in minimum payments, spread across three credit cards, and the balance never seems to go down because of all the interest she is paying.
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.
After a campaign season marked by climate silence, the President’s inaugural call for action on climate change left hope that the administration was serious about making climate a priority. And, there were parts in last night’s State of the Union that were promising, beyond the simple fact that he addressed the issue at length. First and foremost, the President tied extreme weather events to climate change.
New York, NY -- In his State of the Union last night, President Obama hit on four key issues where Demos is engaged and where progress is long overdue: voting reform, the minimum wage, universal pre-K, and higher education.
On the bipartisan voting commission, Brenda Wright, Vice President of Legal Strategies:
Here’s another reason why income inequality is so destructive—it’s ruining our planet and increasing the severity of climate change. A new paper from the Center on Economic and Policy Research looks at a novel way to slow climate change: reduce the hours that we work. For reasons that are not entirely understood, shorter work hours are linked with lower greenhouse gas emissions.
Which is better for a country’s well-being: $10 million spent constructing a jail, or $10 million spent producing a line of smartphones? How about clear- cutting rain forests to produce $10 million in lumber? Or a storm that requires $10 million in repairs?
This Explainer explores how the Gross Domestic Product (GDP) is used in measuring our economic growth and whether alternative measures are also needed to provide a more comprehensive outlook of economic progress.
A recent survey by Demos found that middle-income Americans 50 years of age and older have more credit card debt, on average, than younger Americans, a finding opposite of that reported in a 2008 survey.
The report revealed that older American households had an average credit card balance of $8,278 in 2012, while households with members under age 50 carried an average credit card balance of $6,258.
In our discussions around climate change, we’ve noted that while vast majorities of Americans both believe in climate change and think it’s manmade, pushing for action on climate change remains a low priority. This reality leaves Congress and the Administration free to not take any meaningful action on climate change and face little political consequence for not doing so.
Elderly Americans are carrying more credit card debt, according to a new survey.
The survey reports the main reason is due to job loss and medical bills, not because of a lack of financial responsibility.
The study looked at 997 middle-income households that were carrying credit card debt for at least three months. Of the respondents, households age 50 and older had an average credit card balance of $8,278 compared to an average debt of $6,258 for households under age 50.
The aftermath of Hurricane Sandy raises tough questions about the strength of New York City’s infrastructure, and the stability of its waterfront. Governor Cuomo’s commission on storm prevention recently issued recommendations for future damage control, which include sea barriers along the coast, floodwalls in subways, and water pumps in airports.