12 years after entering college, white men have paid off 44% of their student-loan balance on average, according to an analysis released last year by Demos, a left-leaning think tank.
The ongoing devaluing of Black life that’s now on full display forces us to confront America’s racist origins and to uproot our systems of racial violence, economic subordination, and hoarding of political power.
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 Postal Service faces a $13 billion revenue loss this fiscal year alone; If the Postal Service is allowed to fail, it will be a tremendous blow to all Americans.
“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.”
The COVID-19 pandemic is an environmental justice crisis—it has exposed inequalities that have persisted in places across the country with decades of pollution.
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.
COVID-19 is a threat to everyone, but the economic damage resulting from medically necessary quarantines and shelter-in-place orders is neither random nor equally distributed.
This pandemic is revealing the deeper inequities for Black and brown people that have always been present in our economy and democracy but that are often papered over in ordinary times.
“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."
It’s crucial that the U.S. Congress and the Department of Education act swiftly and aggressively and provide states and institutions with much-needed support before it’s too late.
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.
Bloomberg has quietly begun to roll out a series of policy proposals, and this week, it was higher education’s turn. His plan says a lot about where consensus currently is—and is not.