Media

When was the last time you contributed $1,000 to a political candidate or cause?  For the majority of donors to Senate candidates, the answer is "very recently."

A recent survey by Demos found that middle-income Americans 50 years of age and older have more credit card debt, on average, than younger Americans, a finding opposite of that reported in a 2008 survey.

The report revealed that older American households had an average credit card balance of $8,278 in 2012, while households with members under age 50 carried an average credit card balance of $6,258.

It took just 32 billionaires and corporations giving Super PACs an average of $9.9 million apiece to match every single dollar given by small donors to Romney and Obama in the 2012 election cycle, according to new report.

In 2005, after Hurricane Katrina, Mayor Michael Bloomberg proposed a registry that would allow disaster responders to know where to find people most urgently in need of aid. But he does not appear to have followed through.

If you thought credit card debt was mostly a young person's problem, think again. In 2012, Americans age 50 and older actually owed more on their credit cards, on average, than younger people in low- and middle-income households carrying credit card debt.

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 by about 40 percent. 

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 by about 40 percent. 

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 on climate change and face little political consequence for not doing so.

Elderly Americans are carrying more credit card debt, according to a new survey.

The survey reports the main reason is due to job loss and medical bills, not because of a lack of financial responsibility.

The study looked at 997 middle-income households that were carrying credit card debt for at least three months. Of the respondents, households age 50 and older had an average credit card balance of $8,278 compared to an average debt of $6,258 for households under age 50.