In the wake of the worst effects of the Great Recession, African Americans, like Americans as a whole, are getting their balance sheets in order and paying down credit card debt. But new research from Demos’ National Survey on Credit Card Debt of Low-and Middle-Income Households finds that...
The City of Detroit’s bankruptcy was driven by a severe decline in revenues (and, importantly, not an increase in obligations to fund pensions). Depopulation and long-term unemployment caused Detroit’s property and income tax revenues to plummet. The state of Michigan exacerbated the problems by...
The premise of the libertarian view of economics that has dominated public policy and public discourse at least since the era of Ronald Reagan and Margaret Thatcher is that markets work more efficiently than governments. This is asserted both as true by definition and also by example....
“Being poor is running in place.” Author John Scalzi wrote this about his own experience of growing up in poverty.1 Today it is not only poor families but many middle class families who are furiously running in place. Millions are working hard to move forward, or just to make ends meet, and...
This brief attempts to quantify just how much soaring debt levels impact college-educated households’ financial stability over a lifetime.
This is the third of several papers examining the underlying validity of the assertion that regulation of the financial markets is unduly burdensome. These papers assert that the value of the financial markets is often mis-measured. The efficiency of the market in intermediating flows between...
This report was produced by the Coalition for Sensible Safeguards (CSS), an alliance of more than 150 consumer, small business, labor, scientific, research, good government, faith, community, health and environmental organizations united in the belief that our country’s system of...
For our democracy to thrive, the freedom to vote must be fiercely protected for all citizens, regardless of class or privilege. The right to vote provides the foundation that makes all other rights possible. Yet, much work needs to be done to be sure our election system works for all Americans....
Every day, Americans benefit from public structures that contribute to our quality of life. When we walk into a clean, well-maintained post office; drive on federal highways; send our kids to school knowing they’ll get a hot lunch; or call the Social Security benefits office with a question, we see...
Connecticut has offered a voluntary public financing system for state-wide constitutional and General Assembly offices since 2008. Through financing from the Citizens' Election Fund, candidates that obtain the required number of small donations can receive a lump sum to fund their campaign. The...