A study released by Demos, a research and advocacy organization, may shed light on why some working families have credit card debt and others don't.
The study, "Understanding the Debt Difference," is based on survey research of 2,248 low- and middle-income adults between April 2008 and August 2008, and contrasts the demographics, financial habits and economic circumstances of those with credit card debt and those without it.
The suit is against LATFOR and DOCS. They will be defended by the state attorney general's office. AG Eric Schneiderman was a senator last year, and sponsored legislation to count prisoners at their former homes. Proponents of the law argue that prisoners should count in the communities they were a part of, not ones where they can't vote.
David Callahan, a senior fellow at the think tank Demos, contends the tax code should differentiate between charities and overtly partisan advocacy organizations. Now neither type of group must reveal the names of its supporters.
"It's unbelievable, probably half the states in the country have bills in play and more than a dozen are seriously in the pipeline," Tova Wang of the left-leaning think tank Demos told TPM in an interview. "It's really unprecedented in terms of geographic scope. I've never seen anything like it certainly since I've been working on voting rights issues that voter suppression bills would be introduced in so many places at the same time."
Redistricting too often succumbs to gerrymandering. Instead of the people choosing their elected officials, the elected officials choose their constituents.
Among the other states taking up the issue are Alabama, Arkansas, Kansas and Ohio. In all four of those states, Republicans advanced their Voter ID bills last week. Those states look to join the eight states that require photo ID and the 19 that require some form of ID, according to the National Conference of State Legislatures.
The bottom half of American households now controls less than 5 percent of our total net worth. Our republican founders could not have imagined a distribution of wealth so concentrated, nor a democracy so threatened by the rule of property.
Today's 20-somethings are likely to be the first generation to not be better off than their parents." This is the first line of Economic State of Young America, a report released by Demos, a nonpartisan public policy think tank in New York City. And that's a troubling thesis for a generation that grew up being told they can do and be anything.
As President Obama takes office, and the nation reflects on the historic moment and its significance, Demos Senior Fellows John Schwarz and Lew Daly remind us that America is more than just “common blood, or race, or ethnic background or religion.” America is about freedom, they argue, and its up to government to help establish the conditions for economic independence that have become central to the ideals of American freedom.
Senior Fellow Algernon Austin and Jared Bernstein discuss how the "bad culture" arguments about African-Americans are misguided at best and destructive at worst. By creating an erroneous causal link between "bad culture" and black poverty, the "Cosby consensus" prevents the country from recognizing success and building on it to create the economic opportunities that are missing for too many African-Americans.
Robert Frank, an economist at Cornell University, for instance, found that in counties with the widest income gaps, rates of personal bankruptcy and divorce rates were higher than average.
Draut argues that "with the possible exception of having a larger array of entertainment and other goods to purchase, members of Generation X appear to be worse off by every measure" than prior generations.
According to the advocacy group Demos, the average balance among lower- and middle-income households is $8,650.
"World News Tonight's" special series "Credit Crunch" aims to help you get on the road to becoming debt free.
A fraudulent appraisal "can lead homeowners to borrow more money than their homes are worth, putting themselves at risk of being 'upside down' in a home -- e.g. not being able to sell for a high enough price to pay off their mortgage," according to a briefing paper on appraisal fraud put out by Demos, a New York-based think tank.