It’s not about smart phones, selfies or social media. Millennials aren’t making some of life’s biggest purchases because we’re broke. As James Carville might say, “it’s the economy, stupid.” Reading the money pages of popular publications as a millennial can be infuriating. Every other article...
The establishment consensus is accurately summarized by Martin Feldstein, “Preventing an explosion of the national debt requires slowing the growth of the benefits of middle-class retirees.” But the truth is that the middle class and poor need more help than ever. David Callahan has written here at...
Matt Phillips at QZ reports on, “the most important change in the US economy since the Great Recession—that nobody is talking about.” The change is the drastic decline in credit card debt among American consumers. This decline, Phillips notes, can be largely credited with the CARD Act which Demos...
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 Demos Explainer explores the tension between political support for deficit reduction versus job creation and economic security policies. Most available research indicates a significant difference in priorities between the majority of Americans and the affluent that comprise the political donor...
Strike Debt is one of Occupy Wall Street's progeny. They debuted with The Debt Resistors' Operations Manual, a resource to help people dealing with debt and those seeking to circumvent it altogether. As it gains traction in cities across the country, one of Strike Debt's newest initiatives is The...
Mike Konczal gets a lot right in his analysis of why our economy continues to suffer sluggish growth. The expansion of consumer debt has left households over-leveraged, pressured to pay down loans. As he explains, the historic and swift build-up of consumer debt must be understood in the context of...
A mid-September sunny day in New York City draws those with the day off to go to the parks and laze along the avenues, walking by the workers on call, cleaning up after tourists, holding together a city that always seems held together by the sweat of its massive workforce and a dose of city pride....
The cost of higher education has become an increasingly heavy burden. Students are finding different ways to adapt. “Taking out debt to get a diploma has become the rule instead of the exception,” says Tamara Draut of the New York-based public policy think tank Demos....
Households identify late payments toward student loans as contributing to their low credit score.