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The average credit card debt of low- and middle-income indebted households was $8,650, according to the study from Demos and the Center for Responsible Lending. The more stringent law comes at a tough time for American consumers. A survey released last week showed that total credit card debt now

A new study about America's credit card debt from policy research and advocacy groups Demos, the Center for Responsible Lending, and the AARP shows that the most debt-troubled consumers are those who don't own their homes, even though their credit card balances are lower than those who are their own

"The Plastic Safety Net," released Oct. 12 by policy research and advocacy groups Demos, the Center for Responsible Lending, and the AARP, reveals what's on our credit cards, why it's there, and what we're doing to manage our financial obligations. The study found that most debt-strapped households

DEMOS, a New York-based public policy group that studies economic opportunity issues, and the Center for Responsible Lending, a Washington policy group focused on predatory lending, said low- and middle-income families fall into credit card debt to cope with income declines or unexpected costs

Washington, DC — American families are turning to credit cards to make ends meet in an increasingly volatile economy, according to The Plastic Safety Net: The Reality Behind Credit Card Debt in America, a new report released today by Demos and Center for Responsible Lending.

American families are struggling in an increasingly volatile economy defined by job instability, continued layoffs in the guise of "downsizing", and declining employee benefits--factors augmented by new trends like outsourcing and unfettered trade. The result is a fragile alliance between workers

Washington, DC — On Wednesday, October 12, 2005 at the National Press Club in Washington DC, leading policy research and advocacy groups Demos, the Center for Responsible Lending and AARP will release findings from a new national survey of household debt in a report entitled The Plastic Safety Net

Public Briefing is an occasional white paper series by the Public Works program of Demos. These papers include summaries of research and reports as well as essays and articles related to the work of the program. An analysis of the images of government in the public mind.

Eighteen- to 24-year-olds have an average $2,985 in credit card debt, according to last year's Demos USA study, "Generation Broke." The average plastic debt for 25- to 34-year-olds is $4,088.

Public Briefing is an occasional white paper series by the Public Works program of Demos. These papers include summaries of research and reports as well as essays and articles related to the work of the program. Key findings from the first round of cognitive interviews.