Debt

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...
02/24/2019
Publication
Signed into law on May 22, 2009, the Credit CARD Act has benefited millions of households in ways that directly affect their monthly budgets. Demos’ 2012 National Survey on Credit Card Debt of Low- and Middle- Income Households finds that the Credit CARD Act empowers Americans to take control...
02/24/2019
Publication
La educación superior se ha convertido en un requisito básico para conseguir un trabajo con un salario decente y  para entrar en la clase media.  A la misma vez, esta licenciatura se ha puesto tan cara que no está al alcance de muchos de los jóvenes en Estados Unidos. El costo de ir a una...
02/24/2019
Publication
As states continue to cut higher education budgets, rising tuition prices mean that increasingly students and their families rely on debt—both credit cards and student loans—to pay for college costs. Today, graduating college seniors leave with an average of over $25,000 in student loan...
02/24/2019
Publication
The American middle class did not create itself in the 20th century. Rather, a post-war model of robust public investment in our nation’s people and institutions (despite high deficits) led to unprecedented shared prosperity. But if current trends continue, the middle class may not be recreated in...
02/24/2019
Publication
The Congressional Progressive Caucus Fiscal Year 2013 budget, Budget for All, offers an important alternative to both the Obama Administration’s budget and that presented last week by Paul Ryan and the House Budget Committee. The CPC budget would accomplish several important goals at once: 1)...
02/24/2019
Publication
Over the 1990s, credit card debt among young Americans rose dramatically—leaving many young adults over-extended and vulnerable to financial collapse. This briefing paper documents the rise in credit card and student loan debt between 1992 and 2001 and examines the factors contributing to...
02/24/2019
Publication
STABILIZING THE DEBT: SHORT, MEDIUM, AND LONG TERM POLICY SHORT-TERM   Sending the economy back into recession would be the worst thing we could do for our fiscal outlook. To ensure that our country returns to the level of sustainable economic growth necessary to successfully tackle our fiscal...
02/24/2019
Publication
Social Security remains our nation’s key source of retirement income for most Americans. The program’s overall health is sound and with relatively modest tweaks to the program’s financing, we can strengthen the system for generations to come. Social Security is currently in surplus and will take...
02/24/2019
Publication
In the last thirty years, our nation has experienced a paradox of productivity and progress. Productivity, driven by extraordinary growth in technology and an increased push towards consumption, has nearly tripled. Meanwhile social, environmental, and educational progress has stalled. Panic over...
02/24/2019
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