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Findings Show Skyrocketing Costs, Dwindling Savings, Stagnant Wages and Medical Debt Major Factors New York, NY — As the recession continues to squeeze financially vulnerable American households, they are turning to credit cards to make ends meet, according to "The Plastic Safety Net: How Households
Press release/statement
Debt among older U.S. credit card holders has skyrocketed since 2005, as senior citizens increased borrowing to pay for necessities, a new study shows. Since 2005, revolving debt among low- and middle-income senior citizens -- age 65 or older -- grew 26 percent. In the same period, credit card
In the media
Even before the downturn, millions of households were experiencing difficulties meeting the most basic expenses. Now, as families experience declining home values and tightened credit markets, many are falling behind on their mortgage and credit card payments.
Research
Tamara Draut
Jose Garcia
Cash-strapped older Americans are racking up credit card debt faster than other consumers amid dwindling retirement portfolios and rising medical costs, a study shows. The study, which will be released Tuesday by Demos, a liberal public policy group, shows that low- and middle-income consumers 65
In the media
Kathy Chu

Part of a Demos series of reports on deregulation showing that often the most significant impact is on the quality and reliability of work — in this case, on port trucking.

Research
Washington, DC — As the United States Congress considers the Surface Transportation Authorization Act of 2009, which aims to establish national regulatory reforms for American ground transportation, a newly published study details the widespread failures of port trucking deregulation. Port Trucking
Press release/statement
Over the past eight years, even as the U.S. signed a number of new bilateral trade pacts, the U.S. government actually decreased its capacity for promoting strong labor standards and enforcing the labor provisions of trade agreements. The Bush Administration sought to slash funding for the Bureau of
Policy Briefs
David Callahan
Cristina Vasile
This report presents new evidence of how trade-related job losses are impacting women workers. It shows how women workers are concentrated in industries which have been drastically affected by the surge in cheap imports over the past decade. The report also shows that current policy responses to
Policy Briefs
David Callahan
Ramya M. Vijaya
Hundreds of thousands of families lost their homes because of loans that were often not fully explained or under¬stood. Beyond the Mortgage Meltdown distills the origins and nature of the crisis in the housing market. Senior Fellow James Lardner highlights the complicity of regulators and lawmakers
Research
James Lardner
Americans spurning luxuries in favor of shoveling money into savings accounts.
In the media
Kimberly Palmer