Bankruptcy

Joblessness imposes steep costs on millions of unemployed workers and their families, requiring households to continue meeting basic expenses without their former income. The Great Recession and limited job growth have produced record numbers of workers who suffer from prolonged periods of...
12/20/2012
Publication
Last week you may have seen my brother Dave grimacing on the cover of Bloomberg Businessweek. He was the posterboy for Peter Coy's cover story, "Student Loans: Debt for Life," about the more than $1 trillion in student loan debt owed by US borrowers. The article provided a sobering look at the...
09/19/2012
Blog
The conventional wisdom says that American households are deleveraging – after years of living beyond our means, Americans are finally paying down debt and getting our financial house in order. But as Demos’ 2012 National Survey on Credit Card Debt of Low-and Middle-Income Households reveals,...
05/22/2012
Publication
A brief released today by the American Association of Community Colleges affirms that community colleges are a primary gateway to higher education for nearly half of low-income and minority students. The report, called Why Access Matters, shows the importance of community colleges maintaining this...
02/07/2012
Blog
The tax relief set aside to stimulate the economy now will not provide the injection needed to stabilize the household economy through increased spending power, so that families can close the gap between income and expenses. Rather like the $150 billion stimulus package provided to taxpayers by...
03/03/2009
News/Resource
New York, NY — Homeowners have been tapping into their home equity to get the cash needed to pay down credit card debt incurred not for luxury expenses, but for basic needs. This strategy leaves them on precarious financial footing after two years of interest rate hikes and the largest drop in...
11/14/2006
Press Release
New York, NY / Washington, DC — Today, Demos: A Network for Ideas & Action, a national economic policy research organization, urges Congress to recognize the fragility of our debt-driven consumer economy when considering the bankruptcy "reform" bill (S. 256/H.R. 685) that has been passed...
04/12/2005
Press Release
In April 2005 Demos urged Congress to recognize the fragility of our debt driven consumer economy when considering the bankruptcy "reform" bill (S. 256/H.R. 685) that had been passed by the Senate and was under consideration in the House of Representatives. American families are not suffering from...
04/11/2005
Publication
NEW YORK — A new report released today, Home Insecurity: How Widespread Appraisal Fraud Puts Homeowners At Risk, reveals troubling evidence that many American homeowners and buyers are at financial risk from mortgage appraisal fraud. As a consequence, countless homeowners have borrowed more money...
03/24/2005
Press Release
Passage of the bankruptcy bill would make it harder for families struck by financial misfortune to get back on track. It would benefit the very profitable ($30 billion in 2004) credit card industry at the expense of the modest-income families who represent the great majority of those who declare...
02/24/2005
Publication
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