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Anyone who has followed the creation and early life of the Consumer Financial Protection Bureau knows that conservatives in Congress have repeatedly tried to kill or weaken this agency using the power of the purse. Most recently, last spring, Republicans tried to cut the CFPB's $550 million budget
Blog
David Callahan
In our discussions around climate change, we’ve noted that while vast majorities of Americans both believe in climate change and think it’s manmade, pushing for action on climate change remains a low priority. This reality leaves Congress and the Administration free to not take any meaningful action
Blog
J. Mijin Cha
New York, NY — New York activists will rally for democracy under the banner “Money Out, Voters In” on Saturday, January 19, the weekend marking civil rights leader Martin Luther King, Jr.’s birthday and the anniversary of the damaging Citizen’s United Supreme Court decision. People in over 65 cities
Press release/statement
Adrift on a sea of red ink, more middle class Americans are feeling queasy about their retirement plans. And many of those struggling to save have very little time to right the ship.
In the media
Eleanor Laise
Middle-income Americans age 50 and older are carrying more credit card debt on average than younger people, according to Demos’ 2012 National Survey on Credit Card Debt of Low- and Middle-Income Households.1 That is a reversal of findings from a survey conducted by Demos in 2008.
Research
Amy Traub
Inside of New York’s Javits Convention Center this morning, Walmart US President and CEO Bill Simon took the stage before a crowd of industry leaders to talk about how retail can play a central role in revitalizing the American economy.
Blog
Catherine Ruetschlin
Older Americans rely on credit cards as their financial safety net and pay down less of their debt than younger consumers, a new study shows. Last year, the low- and middle-income 50-plus population had an average credit card balance of $8,278, compared with the younger generation's balance of $6
In the media
Christine Dugas
Tonight on NBC Nightly News, Chris Jansing reports on a new study that shows Americans age 50 and older are carrying an average of $8278 in credit card debt, thousands more than younger people. In addition, nearly 18 percent of those nearing retirement said they are using their retirement funds to
In the media
Chris Jansing
AARP announced a major policy and research initiative Tuesday drawing attention to the economic decline of the American middle class. In the run-up to what will surely be a bruising Congressional battle over Medicare, Medicaid, Social Security, and other federal benefit programs, the powerful
In the media
PHILIP MOELLER
The aftermath of Hurricane Sandy raises tough questions about the strength of New York City’s infrastructure, and the stability of its waterfront. Governor Cuomo’s commission on storm prevention recently issued recommendations for future damage control, which include sea barriers along the coast
Blog
Ilana Novick