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"If you look at the statistics, every week and every day there is a story about how much credit card debt that demographic carries. They are targeting people younger and younger. The marketing and promotion of these products are very powerful, and people can't resist it." A recent study by Demos, a New York nonprofit research organization, found that credit card debt for people ages 18 to 24 climbed 104 percent between 1992 and 2001. The fastest growing group of bankruptcy filers are in the 18-to-24 age bracket.
According to Demos, a New York-based research group, young Americans have the second-highest rate of bankruptcy - topped only by 35- to 44-year-olds. Demos says financial troubles often start when students leave college with credit card debt and student loans that already are unwieldy. According to Nellie Mae, graduates are leaving college with $20,500 in student loans and almost $2,864 in credit card debt.
 
Whether you want your child to get a credit card or not, he or she will probably get one. About 76 percent of students have them.
As Javier Silva, senior research associate at Demos, a research and advocacy group, explained: "Prices have gone up so high that a lot of people can't afford to get into the market - so lenders have responded with these products," he said, stressing the popular loan world euphemism.
Appraisers, like auditors, are supposed to follow a strict standard of professional behavior, said David Callahan, senior fellow at the public policy organization Demos and author of a recent report about appraisal fraud. "What is actually happening is lenders and brokers are telling them what value they want," he said.
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The debate on voter ID is a clash between some people, many of them conservatives, who believe more restrictions are needed on voting and registration to rein in fraud, and others who think the process needs to be opened up to more voters, according to Miles Rapoport, who as secretary of state for Connecticut from 1995 to 1999 oversaw that state's election process.
 
Long lines, challenged ballots and two of the closest presidential elections in the country's history have touched off a landslide of propo
Over the past decade, credit card debt among 18-24 year olds rose by 104 percent according to a report released by the nonprofit research organization Demos entitled "Generation Broke: The Growth of Debt Among Young Americans."
 
Although over a third of young adults own credit cards, young people receive little in the way of financial education.
Demos concludes that any meaningful attempt to explain the widening debt gap between Latino and African-American families and their white counterparts must take into account the larger social, cultural and economic forces driving credit card debt.
 
According to New York-based Demos, between 1998 and 2001, Latino households saw a 19% growth in credit card balances, African Americans stood at 10% and white households saw an 11% decrease.
Scott Stossel and Joshua Green, now of The Atlantic, Jonathan Cohn of The New Republic, and David Callahan, author of three public-affairs books, also worked for the Prospect early in their careers.
 
The prescriptive focus of the magazine -- what policies were needed to generate economic growth? to reduce inequality? to protect the environment? to provide universal health coverage? -- reflected an underlying optimism that political power was within reach.
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"I don't think that anyone can assume that the appraised value of their home is based on reality," said research director David Callahan of Demos, a public-policy center in New York. "Appraisal fraud is so common that homeowners need to assume the opposite." Demos released a report about appraisal fraud in March, sparking intense discussion in the real-estate media.
 
No one knows exactly how often appraisers tinker with reality. But reports suggest they face enormous pressure to tweak their numbers.
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We live in an age when credit card debt has skyrocketed among young adults. It has risen 104 percent from 1992 to 2004 among 18- to 24-year-olds according to "Generation Broke: The Growth of Debt Among Young Americans," a report from Demos, a nonpartisan, nonprofit New York City-based research organization.