Today, it is common for employers to look at job applicants’ personal credit history before making a hiring decision. According to a survey of human resources professionals, nearly half of employers check an employee’s credit history when hiring for some or all positions The practice is hardly...
Stacked Deck: How the Dominance of Politics by the Affluent & Business Undermines Economic Mobility in America
This paper offers an overview of the interplay between declining upward mobility and growing political inequality.
Background Maine, Minnesota and Wisconsin adopted the practice of Election Day Registration (known as EDR) in the early 1970s. After a two-decade lull in reform activity, Wyoming, New Hampshire and Idaho passed EDR laws in the early ‘90s. We are now seeing a third wave of interest in EDR. Montana...
The first presidential election since Citizens United lived up to its hype, with unprecedented outside spending from new sources making headlines. Demos and U.S. PIRG Education Fund analysis of reports from campaigns, parties, and outside spenders to the Federal Election Commission found that our...
Middle-income Americans age 50 and older are carrying more credit card debt on average than younger people, according to Demos’ 2012 National Survey on Credit Card Debt of Low- and Middle-Income Households.1 That is a reversal of findings from a survey conducted by Demos in 2008. AARP’s Public...
College Funding In Context: Understanding The Difference In Higher Education Appropriations Across The States
Access to a post-secondary education is a vital aspect of the American dream, allowing for equality of opportunity and a stable pathway to the middle class for all who are willing to work for it regardless of their background or socioeconomic status. Higher education not only improves the...
This is the first article in the “Financial Pipeline Series,” which will examine the underlying validity of the assertion that regulation of the financial markets reduces their efficiency. These articles point out that the value of the financial markets to the real economy is often mis-...
Our nation is on the brink of a retirement crisis that could have severe consequences for both future retirees and society as a whole. The steady erosion in the voluntary employer-sponsored retirement system has made it more difficult for workers to save for retirement. This crisis will not only...
Bullies At The Ballot Box: Protecting The Freedom To Vote Against Wrongful Challenges And Intimidation
Protecting the freedom to vote for all eligible Americans is of fundamental importance in a democracy founded upon the consent of the governed. One of the most serious threats to the protection of that essential right is the increase in organized efforts, led by groups such as the Tea Party...
Widely shared middle-class prosperity is a signature of American society. It has made the United States the most hopeful and dynamic country on earth and it is a foundation of strong democracy. Expanding and protecting the middle class must be an overriding national priority. We must both make it...