Private credit reporting companies should be replaced by a publicly run credit registry that operates in the public interest and that automatically corrects for events like natural disasters and global health crises.
12 years after entering college, white men have paid off 44% of their student-loan balance on average, according to an analysis released last year by Demos, a left-leaning think tank.
Congress must address how Black, Indigenous, and Latinx people confront both the worst health outcomes and the greatest threats to household financial stability as a result of the pandemic.
This platform proposes a set of actions the executive branch can take to equitably address the climate crisis without new legislation, major new appropriations, or other Congressional authority.
"To say that people post-crisis, as they try to rebuild their lives, have to carry the impact of this is just another round of disadvantage and discrimination.”
The COVID-19 crisis has cast into stark relief what has always been true: the wealth and prosperity of the U.S. economy rests on the labor, and the lives, of black and brown communities.
Twelve years after starting college, white men have paid off 44% of their student loan balances on average, while black men saw their balances grow by 11%, according to an analysis from Demos.
Twelve years after starting college, the white female borrower has paid off 72% of her loan balance. Over the same time period, the typical Black female borrower's balance has grown by 13%.
At the Democratic National Convention, former First Lady Michelle Obama made a point that is relevant to both parties: If policymakers do not take bold and transformative action, trends can and will get worse.
Gulf Coast communities face the same environmental and racial injustices they faced during Hurricane Katrina—except now with the overlapping crises of COVID-19, economic collapse, and uprisings for Black Lives. Policy change must undo this injustice.
"Imagine any financial transaction you make and someone says the price of this thing is $100,000, but you are very likely to pay nothing, but first you have to fill out all these forms."
If we are to survive this crisis—and imagine a more equitable, dynamic economy to come, we must start with a recommitment to the value of universal, inclusive public infrastructure.
It is more vital than ever that Black- and brown-led organizations have the resources they need to combat the many issues confronting their communities and to build durable and sustainable power.