Twelve years after starting college, white men have paid off 44% of their student loan balances on average, while black men saw their balances grow by 11%, according to an analysis from Demos.
Twelve years after starting college, the white female borrower has paid off 72% of her loan balance. Over the same time period, the typical Black female borrower's balance has grown by 13%.
Private credit reporting companies should be replaced by a publicly run credit registry that operates in the public interest and that automatically corrects for events like natural disasters and global health crises.
“The potential for executive action to jumpstart the transition that we need — to reorient our democracy for democratic engagement and redress historic inequities — is huge.”
There have been devastating reports of disproportionate rates of death in Black communities as a result of COVID-19. Racial capitalism and structural racism are to blame.
The CARES Act passed fails to meet a simple moral test - that we protect the most vulnerable among us because it largely excludes immigrant and mixed-status families, including their U.S. citizen children, from stimulus payments.
“These are folks who are serving [and] preparing food for all of the rest of us. It's a recipe for contagion when...the people preparing your food cannot afford to stay home when they have a contagious disease.”
"Like in previous moments of crisis, whether it's the Great Depression or the 2008 financial crisis, we will need new governmental bodies to address the public needs at this scale."
Boosting the returns on homeownership for black families would reduce the wealth gap with white families by more than $17,000, or 16%, according to a 2015 report from the public-policy organization Demos and the Institute for Assets and Social Policy at Brandeis University.
Demos’s report details how historical and structural racism contributes to higher interest rates and insurance costs for Black and Latinx people, compared to white Americans.
In 2019, progressive organizations, funders, academics, artists, and more came together to strategize about what must be done to face and address the crises undermining our democracy.
The Disparate Impact standard is critical to continued and enhanced opportunity to access fair credit, housing, and homeownership. Demos strongly opposes efforts to undermine this longstanding enforcement tool.
So the next time Democrats complain about lower voter turnout, not just in 53206, but in any beleaguered neighborhood, they might think first about the policies, both old and new, that have served and continue to serve as stumbling blocks for black political participation.
"I think Greta has been able to speak truth to power in a way that has resonated with a lot of young people who are frustrated, who have lived their whole lives seeing inaction on climate change."
While Demos celebrates the legislation’s strong mandate on emissions reductions, the governor’s exclusion of community investment mandates and labor standards prolongs the fight for climate justice in New York and nationwide.