However generous paid leave benefits are, whether employees actually use those benefits will depend a lot on the culture they work in and the social pressures they face.
Amazon, for instance, is "notorious for its competitive work environment, and simply having access to leave may not be enough if workers feel they will be penalized in their careers for taking it," said Amy Traub, a senior policy analyst at Demos.
This is doubly true for fathers, who are especially unlikely to take leave no matter where they wo
Eliminating student debt for low- to middle-income families could dramatically narrow the racial wealth gap between black and white households, according to a joint study by liberal think tank Demos and the Institute for Assets & Social Policy at Brandeis University.
Though 43 million Americans across the racial and socioeconomic spectrum have nearly $1.3 trillion in college loans, black households are far more likely to have student debt at all income levels.
All in, 401(k) fees can range from 50 basis points up to 3 percent, said David Walters, a CPA and certified financial planner with Palisades Hudson Financial Group. Any plan charging more than 1 percent, Walters insisted, should be seen as suspect.
"Taken over an employee's lifetime, that can make a huge difference in what [workers] get to spend in retirement," Walters said.
In addition, federal student loans — which usually cap at $27,000 over four years — don’t always cover the full cost of a higher education, and many students are forced to secure private loans or work jobs to pay for their degree.
“Student debt is not the same to every borrower,” Mark Huelsman, a senior analyst at public policy nonprofit Demos, said in a statement. “It can look a lot different to a first-generation student from a very modest economic background than to someone going to graduate school getting a law degree.”
Mark Huelsman, a senior policy analyst at Demos, compared the movement to the one seen with universal health care, which had been an issue for quite awhile until “a moment of consensus” came in 2008.
Yesterday, Sen. Sanders offered a solid, detailed plan to combat big money in politics. His proposal means that heading into Saturday’s debate all three Democratic candidates now have specific policy agendas aimed at addressing the unprecedented influx of big money into U.S. elections.
Fees can take a bite out of your retirement income, so it's important to be aware of what advisory or fund management fees you might be paying. Fees for a median-income two-earner family can eat up almost one-third of their investment returns over a lifetime, according to Demos, a think tank. Reining wrote on his blog that he invested in index funds, which typically have lower fee structures than actively managed funds, and individual stocks.
“Student debt has become a kitchen-table issue at this point,” says Mark Huelsman, a senior policy analyst at Demos. “Because borrowing is now a prerequisite to college, it’s now embedded in traditional issues of economic fairness and things that students tend to be active about.”
On a late evening this past summer and without warning, one of the oldest buildings in Atlanta caught fire. Gaines Hall — a former dormitory on the campus of Morris Brown College — had been shuttered for years, closed when the school fell on hard times. After firefighters extinguished the two-alarm blaze, what was essentially left of the building was a charred red brick shell.
Parents and students enter into an often complicated and opaque process when trying to secure financial aid, making some kind of financial discussion essentially a requirement for anyone hoping to successfully pay for college, said Mark Huelsman, a senior policy analyst at Demos, a left-leaning think tank.
Critics — and even some supporters — of the program say its designations are arbitrary, and raise questions about whether the benefit should be rethought, expanded, or even eliminated.
Adding farming to the list could introduce further complexity, since farmers in the U.S. work mainly for for-profit business.
“There are political advantages to saying we’re not going to provide aid to students who aren’t putting in the effort for their education,” said Mark Huelsman, a policy analyst at Demos, a think tank that has been promoting debt-free college.
Robert Hiltonsmith, senior policy analyst at Demos, a progressive think tank, expects the positive trends to continue -- even if Tuesday’s survey suggests employers overall aren’t relenting on tough and irregular scheduling demands. “I think it’s a slow burn, but the pressure’s mounting,” he says.
Either way, the drawdown is a worry in the huge US retirement industry, which managed total assets of $24.8 trillion as of June 30. Massive withdrawals will crimp the lucrative fee income for administrators. And another concern is market performance, with fewer US buyers and sellers available to potentially prop up assets.
Adam Lioz, Demos Counsel and Senior Advisor, Policy & Outreach, issued the following statement in response to Governor O'Malley's plan to address the role of big money in politics:
“There’s an assumption out there that because community and technical colleges and workforce retraining programs are lower cost than elite Ivy League institutions that borrowing isn’t an issue for those students, but it’s precisely the opposite,” said Mark Huelsman, a senior policy analyst at think tank Demos, who studies student debt. “These are students who have fewer financial means to begin with, they’re more likely to borrow, and if they borrow it’s just a fundamentally different prospect.”
Almost everyone agrees that education, innovation and human capital are critical to economic growth and security. And anyone who can’t find a job or is stuck with a low-paying job is told to acquire the skills necessary to succeed in today’s economy.
Unfortunately, the results of believing in that myth have been catastrophic. Earnings have stagnated or declined for everyone except the very top earners, even for those who have educational qualifications, and jobs that didn’t previously require credentials now do.