The St. Louis Fed findings add to the growing body of evidence that higher education benefits some groups more than others, which may help to exacerbate the yawning racial wealth gap instead of shrink it. Black and Hispanic students are more likely to approach college with lower levels of wealth on average and are, therefore, more likely to have to borrow to attend school, according to a report earlier this year from Demos, a left-leaning think tank.
While every single Democratic member of the Legislature has signed on as a sponsor of this bill, not a single Republican has been willing to break from party orthodoxy and let common sense trump caustic partisanship.
Imagine the benefits to our state economy and Wisconsin families if millions of dollars in interest on student loans paid by borrowers every year to the federal government and Wall Street banks would instead stay right here.
Today, Sec. Hillary Clinton will announce her plan to return to debt-free public college for future students and relieve the burden for existing borrowers. Tamara Draut, Demos Vice President of Policy and Research, released the following statement:
Today, Sec. Hillary Clinton will announce her plan to return to debt-free public college for future students and relieve the burden for existing borrowers. In anticipation of the release of Sec. Clinton’s plan, Demos prepared two new analyses that underscore the need for bold solutions to our college affordability crisis.
Hillary Clinton just released a bold plan to return the United States to debt-free public college for future students and relieve the burden for existing borrowers.
Declining state appropriations for higher ed is responsible for more than three-quarters of tuition hikes between 2001 and 2011, the analysis found. Increased spending on administration and building projects accounts for only about 12 percent of the tuition increases over that time. During the recession, when many states scrambled to cope with shrinking coffers, lawmakers slashed spending on public universities. But appropriations haven't returned to prerecession figures despite an improving economy.
Millennials have an average credit score of 625 (based on the Experian VantageScore 3.0 credit score), compared to 650 for Generation X and 709 for those over 50 years old. They also use an average of 43 percent of their credit limits—compared to 34 percent nationally—and their average debt (excluding mortgages) totals 77 percent of their income, compared to 49 percent nationally.
Executive action on paid sick days for employees of federal contractors would be in keeping with Obama’s steps to raise workplace standards for contract employees.
Today's very high threshold for default rates allows tons of colleges to mask poor student outcomes and doesn't take into account the difficulty students are having with repayment itself. But moving beyond the extreme scenario of student default — which means a borrower has been unable to pay their loan back for at least 9 months in the case of federal loans — is important to developing a more nuanced understanding of post-graduation hardship.
Jenn Rolnick Borchetta, senior counsel for Demos, praised Oklahoma for agreeing to address what she said was “a disconcerting number of people who should have gotten voter-registration assistance and didn’t get it at all.” Demos and other organizations pursued the case based on statistics showing a disproportionately low number of low-income people who were registered in Oklahoma, which sparked an investigation.
“If we begin to think of education as a part of the economic mobility system, then we can begin to think of education’s implications for children long after school,” Elliott, who also serves as the founding director of the Center on Assets, Education, and Inclusion (AEDI), explained at a recent New America event.
Today, we reached an important agreement with the state of Oklahoma that will bring comprehensive voter registration opportunities to citizens throughout the state.
Treating these issues as mutually exclusive obscures part of why student debt is a major issue for so many, and what debt-free college would hope to achieve.
“This view that college pays off and that most people pay off their loans, is narrow and tragically flawed,” Heulsman said in his opening remarks. “This is a crisis of equity, it’s a crisis of opportunity and we’ll argue it’s a crisis for the economy.”
But it is the recent, explosive growth of Uber and other "sharing economy" companies that have attracted the most concern.
HomeJoy recently announced it would shut down in the face of four lawsuits alleging it should treat the people who clean homes on its behalf as employees rather than as independent contractors not entitled to the same workplace protections.
"If a technologist wants to disrupt an industry that has middle-class jobs and replace them with insecure, not-as-good jobs, there has to be a conversation about that,"
The implications of a state labor board's July 22 decision to raise the minimum wage for fast-food workers to $15 an hour from $8.75 are clear: Other industries with low-wage workers could find themselves facing a similar pay hike soon.
Next up is likely the retail industry, followed by home care, child care and even adjunct professors, said Amy Traub, a senior policy analyst at Demos, a liberal think tank.
"The patchwork of wage hikes by locality and industry, as well as the falling unemployme
The dominance of big money in our politics makes it far harder for people of color to exert political power and effectively advocate for their interests as both wealth and power are consolidated by a small, very white, share of the population.
Demos Vice President of Policy and Research Tamara Draut issued the following statement:
"After two months of deliberations, hearings, and moving testimonies, the wage board created by Governor Cuomo voted yesterday to recommend a wage increase in a series of steps to $15 an hour by 2018 in New York City and by 2021 in the rest of the state. Fast-food workers’ decision to challenge their powerful corporate bosses was a huge risk—and it paid off.
Chanting "$15.00 and a union," thousands of federal contract workers walked off their jobs yesterday, led by the Senate's cafeteria workers who serve Senators their food. They were joined by Senator and presidential candidate Bernie Sanders, and members of the Congressional Progressive Caucus, led by Keith Ellison (D-Minn) and Raul Grijalva (D-Ariz). Sanders announced they were introducing legislation to raise the federal minimum wage to $15.00 an hour.