To increase postsecondary success among low- to moderate-income students, we must reform financial aid and provide additional financial supports to help students cover the cost of living expenses.
Even before the downturn, millions of households were experiencing difficulties meeting the most basic expenses. Now, as families experience declining home values and tightened credit markets, many are falling behind on their mortgage and credit card payments.
Credit card debt continues to threaten the financial stability of many low- and middle-income families in the United States, hampering their ability to save and move up the economic ladder. When shortfalls arise, credit has been the only available safety net to help these families make ends meet. In this economic crisis, even though America’s households took on less credit card debt in 2008 than the year before, high levels of revolving debt from previous charges and compounding interest keep balances high and trap families in a vicious cycle.
Part of a Demos series of reports on deregulation showing that often the most significant impact is on the quality and reliability of work — in this case, on port trucking.
Over the past eight years, even as the U.S. signed a number of new bilateral trade pacts, the U.S. government actually decreased its capacity for promoting strong labor standards and enforcing the labor provisions of trade agreements. The Bush Administration sought to slash funding for the Bureau of International Labor Affairs (ILAB) at the U.S. Department of Labor and, though it wasn't entirely successful in this effort, it still managed to significantly downsize the agency.
This report presents new evidence of how trade-related job losses are impacting women workers. It shows how women workers are concentrated in industries which have been drastically affected by the surge in cheap imports over the past decade. The report also shows that current policy responses to dislocations faced by women workers are woefully insufficient, with many laid off women workers receiving little help in securing comparably paying jobs or handling family obligations as they participate in retraining and conduct employment searches.
Hundreds of thousands of families lost their homes because of loans that were often not fully explained or under¬stood. Beyond the Mortgage Meltdown distills the origins and nature of the crisis in the housing market. Senior Fellow James Lardner highlights the complicity of regulators and lawmakers in the genesis of the mortgage epidemic, and warns that bolder steps will be needed to stem the rate of foreclosures along with its broader economic impact to protect both markets and consumers against future catastrophe.
Same Day Voter Registration (also known as Election Day Registration) permits eligible citizens to register and vote on the same day.
This fact sheet outlines some of the advantages of Same Day Registration, particularly its impact on voter turnout and its potential to ensure that every vote is properly counted, as well as a look at why we need Same Day Registration in America's "patchwork quilt of registration processes," and some success stories from states that have successfully utilized Same Day Registration in the 2008 presidential election.
It is becoming increasingly difficult for Americans to achieve and sustain a middle-class life. The costs of homeownership, healthcare and a college education have soared, while incomes have stagnated. According to the Middle Class Security Index, a measure developed by Demos and the Institute on Assets and Social Policy at Brandeis University, fewer than one third of middle-income families were securely in the middle class in 2006, while a quarter were at high risk of falling out of the middle class.
Today headlines are filled with stories of middle-class families struggling to survive the current downturn. But the problems of middle-class families did not start with the recession.
Between 2000 and 2006, the number of middle-class families that lacked economic security grew from 19 to 23 million. Decline in assets, the rising cost of housing, and more families lacking health insurance depleted middle-class economic resources, leaving millions of families poorly positioned to weather the current recession.
When Congress passed the National Voter Registration Act (NVRA) in 1993, its goals were to "increase the number of eligible citizens who register to vote in elections for Federal office" and "protect the integrity of the electoral process." Yet, while most states created effective programs for mail-in and Department of Motor Vehicles-based registration processes, many neglected the NVRA's social service agency requirements (detailed in Section 7).
The Contract for College would unify the existing three strands of federal financial aid — grants, loans and work-study — into a coherent, guaranteed financial aid package for students.
Report authors R. Michael Alvarez and Jonathan Nagler have analyzed the likely impact on voter turnout should New Mexico adopt Same Day Registration (SDR). Under the system proposed in New Mexico, eligible voters who miss the current 28-day deadline for registering by mail may be able to register to vote during the state's early voting period. The availability of Same Day Registration procedures should give voters who have not previously registered the opportunity to vote.
Economic security for seniors was built on the three-legged stool of retirement (Social Security, pensions, and savings) at the core of the social contract that rewards a lifetime of productivity. Economic security of seniors, however, is being challenged by two simultaneously occurring trends: a weakening of the three legs of retirement security income and dramatically increasing expenses, such as for healthcare and housing.
Economic security for seniors was built on the three-legged stool of retirement (Social Security, pensions, and savings) at the core of the social contract that rewards a lifetime of productivity. Seniors’ economic security, however, is being challenged by two simultaneously occurring trends: a weakening of the three legs of retirement security income and dramatically increasing expenses, such as for healthcare and housing.
Background
Maine, Minnesota and Wisconsin adopted the practice of Election Day Registration (known as EDR) in the early 1970s. After a two-decade lull in reform activity, Wyoming, New Hampshire and Idaho passed EDR laws in the early ‘90s.
Economic security for seniors was built on the three-legged stool of retirement (Social Security, pensions, and savings) at the core of the social contract that rewards a lifetime of productivity. Seniors’ economic security, however, is being challenged by two simultaneously occurring trends: a weakening of the three legs of retirement security income and dramatically increasing expenses, such as for healthcare and housing.
A middle-class standard of living requires that families have adequate financial security to meet current obligations, invest in the future, and access opportunities. The Middle Class Security Index, created by Demos and the Institute on Assets and Social Policy at Brandeis University, focuses on five interrelated factors that in combination describe the security or vulnerability of middle-class families—assets, education, housing, budget and healthcare.
The household economy — especially small business, homeowners and student borrowers — will continue to suffer during a sever tightening of lending credit and capital, in spite of the federal rescue plan, this new report shows.
The New Squeeze underscores how the continuing fallout from sub-prime speculation, resetting Adjustable Rate Mortgages (ARMs) and a severe tightening of lending credit and capital could impact the United States household economy for years to come.