Posts by Algernon Austin

Thousands of Americans will die because of an attack on Obamacare in the Republican tax cut bill. This is the conclusion of the economist Lawrence Summers, based on a review of the scholarly research...
January 5, 2018 | Algernon Austin
Funding for the Children’s Health Insurance Program (CHIP) expired in September. CHIP provides coverage for nearly 9 million children in low-income families. The Republicans in Congress have been too...
December 18, 2017 | Algernon Austin
“There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.” --Warren Buffet
November 28, 2017 | Algernon Austin
Last year, Americans took over 10 billion trips on public transportation. These were trips to work, to school, to stores, to health care, to places of worship, and elsewhere. For millions of...
November 15, 2017 | Algernon Austin
Latino homeowners’ median net worth increased from 2013 to 2016, but the net worth of Latino renters* declined 22 percent. The median net worth of Latino renters fell from $5,200 to $4,000 (Figure A...
October 19, 2017 | Algernon Austin
While income inequality in the United States is at historically high levels, wealth inequality is even more severe. Wealth—assets minus debts—is increasingly recognized as the most important measure...
October 10, 2017 | Algernon Austin
Newly released data from the Federal Reserve’s Survey of Consumer Finances reveal that the downward slide in wealth for African Americans in the 21st century is finally over. The ...
September 28, 2017 | Algernon Austin
“At this point, the whole race thing is over . . . it doesn’t matter anymore. We’ve transcended it. Now we have a black president, so clearly we are not racist,” stated one young woman after the...
September 20, 2017 | Algernon Austin