A median-income, two-earner household will pay nearly $155,000 over the course of their lifetime in 401(k) fees, according to a new analysis by national public policy center Demos.
As wary as the public may be of Wall Street, it is not wary enough because the financial industry rips people off even more than most of us realize -- specifically, in 401(k) fees.
The story as it now stands for Facebook's IPO supports a broader narrative depressingly familiar to most Americans: Which is that the stock market is a rigged game.
In February and March 2012, Demos surveyed a nationally representative sample of 997 low- and middle-income American households who carried credit card debt for three months or more.
The Credit CARD Act is helping households pay down balances faster, with a third of low- and middle-income households that carry credit card debt reporting that new disclosures have caused them to pay down their balances faster.
Washington, D.C. -- The United States Supreme Court should not summarily reverse the decision of the Montana Supreme Court upholding a state law restricting corporate spending in Montana elections, argue former acting Solicitor General Walter Dellinger and Professor James Sample of Hofstra Law School in an amicus brief filed today and authored by Arnold & Porter LLP and Demos.
It's no secret that Facebook's IPO will feed one of the most troubling trends in America today: the extreme concentration of wealth in the hands of a tiny elite.
The youngsters filed into the large conference room at the Community Service Society in Manhattan. Each picked up a slice of pizza and a can of soda from a small table that had been set up along one wall, then took a seat at the large table in the center of the room. They were from a public school in the Bronx, about 20 of them, 13 and 14 years old, and they’d agreed to talk to me about their lives.
It’s hard to imagine that an industry that has spent over $28 million on federal and state campaign contributions this election cycle alone would be victimized by government regulation, but that is the cry coming from the oil and gas industry. Well, more accurately, that is the cry coming from politicians in the pockets of those industries.
Hartford, CT. – A coalition of good government groups including Common Cause, Demos, People For the American Way, Public Citizen, Credo Action and others are calling on Connecticut Governor Dannell Malloy to sign H.B. 5556, “Changes to Campaign Finance Laws and other Election Laws,” which just passed the General Assembly. The bill would require public disclosure of major corporate and individual donors to Super PACs and other independent groups, bringing increased transparency and accountability to Connecticut’s elections.
Nueva York – La clase media del futuro en Estados Unidos está en peligro. Durante las ultimas dos décadas los estados han reducido su apoyo financiero hacia la educación superior pública, lo cual ha resultado en precios de matrícula mucho mas altos para estudiantes y sus familias.
The problem of American democracy isn't solely that there's too much money in our politics. It's that the money comes from a narrow (and extremely rich) slice of the electorate.
1. The government has collected less in taxes as a proportion of the economy in the past three years than it has in any three-year period since World War II, and tax rates are at historic lows.