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New York, NY – The national public policy organization Demos has released a new report that examines the underlying reasons why some Americans have credit card debt and finds further evidence that, contrary to popular belief, indebted households are not the product of less responsible spending
Press release/statement
In his testimony at the Senate’s “Dollars and Sense” hearing on dark money and the impact of McCutcheon v FEC, Justice Stevens made several clear and important points about the “ giant step in the wrong direction” the Supreme Court has taken on money in politics.
Blog
Liz Kennedy
What differentiates households that accumulate and carry balances on their credit cards from those that don’t have debt? Building on a national survey of 1,997 households, this study examines two groups of working age low- and middle-income households that are statistically indistinguishable in
Research
Amy Traub
Here's a quick question about your retirement savings: When was the last time you checked the fees on your 401(k)? If you're like most Americans, chances are you're not sure what exactly your plan is charging you. Even though employers are now required to disclose more information about 401(k) fees
In the media
Aimee Picchi
At a Senate hearing today, retired Supreme Court Justice John Paul Stevens will testify about the rise of dark money and the impact of what he’s called the “ grossly incorrect” decision in McCutcheon v FEC.
Blog
Liz Kennedy
Today’s New York Times leads with some news that maybe, just maybe, ‘too big to fail’ for major Wall Street banks could become a thing of the past. Prosecutors are nearing criminal charges against Credit Suisse and BNP Paribas (while of course taking very, very careful baby steps to make sure that
Blog
Lenore Palladino
Today, Senate Republicans filibustered a proposal to gradually raise the minimum wage to $10.10 an hour.
Blog
Heather McGhee
Chairman Schumer, Senator King, Ranking Member Roberts, and Members of the Committee, thank you for the opportunity to submit this testimony for this hearing on the harm of secret political spending, the impact of the Supreme Court’s recent decision in McCutcheon v. FEC, and solutions to address the
Testimony and Public Comment
Liz Kennedy
One of the greatest things about a market economy is that all sorts of people can get to the top -- in contrast to, say, feudalism where the only people at the top are those who were born there. And while I spend plenty of time bemoaning the decline of upward mobility and how privilege is
Blog
David Callahan
There’s been alarm raised recently over the decline in college enrollment over the past two years. Some have even gone so far as to argue that this decline is the result of masses of young people realizing that college “isn’t worth it”, even though the college wage premium—the gap between the
Blog
Robert Hiltonsmith