Student debt can weigh you down long into adulthood, and might make you less likely to ever be able to retire.
That's according to a new analysis from Demos, a progressive think tank.
This chart shows the clear benefit of getting a college degree. Households with some college but no degree are unlikely to own a home, while homeownership is the norm for households headed by someone who finished college.
One effect of the ruling is that it’ll now be easier to sue an employer over an expensive 401(k) plan, turning up the legal pressure a notch.
Those expenses matter. A 2012 study by Demos, a New York City-based think tank, found that over a lifetime, 401(k) fees cost a two-earner family with a median income nearly $155,000 — and consume nearly one-third of their investment returns.
Most students go into debt to pay for college. And while no one wants to be in the red, a new report from left-leaning think tank Demos argues that the increasingly debt-financed higher education system in the United States is especially harmful to low-income, black and Latino kids.
Demos, the New York-based group, began monitoring North Carolina about a decade ago because it spotted a drop-off in public assistance registrations. Gary Bartlett, the State Board of Elections director at the time, was eager to attract more voters, said Stuart Naifeh, an attorney with Demos.
“He was as dismayed as we were about the low rates,” Naifeh said. “He wanted to work with us to improve that.”
Catherine Ruetschlin, a senior policy analyst at Demos, a [New York]-based public policy institute, said one of the major concerns that surround unpaid internships is access. Many students, she said, might want to take an unpaid internship but cannot afford to.
Wealthier students benefit; poor students don’t.
“It’s an opportunity for one and an obstacle for the other,” she said.
This is not the first time North Carolina has fallen out of compliance with the NVRA. Dēmos, the New York-based group that has put North Carolina on notice, also monitored the state about 10 years ago after seeing a drop in voter registration applications processed by public assistance agencies. Gary Bartlett, the State Board of Elections director at the time, worked closely with Dēmos to get the state back into compliance.
After the killing of Michael Brown in Ferguson, Missouri, many pointed at the gap between the black population and their overwhelmingly white elected officials as a symptom of the country’s problem with race.
Given growing levels of student debt combined with stagnant incomes over the past few decades, “something has to give somewhere,” said Mark Huelsman, a senior policy analyst at Demos, a left-leaning think tank.