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%.
"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."
Written testimony of Demos President K. Sabeel Rahman before the US House of Representatives Committee on the Judiciary Subcommittee on Antitrust, Commercial and Administrative Law
From March through May, New Florida Majority Education Fund surveyed over 21,000 Floridians to ask how the pandemic was affecting their lives and well-being. This report presents our findings from those surveys.
“This is a microcosm of many intra-progressive, intra-left policy debates—whether it’s better to do something universal and achieve something with relative ease or ensure that only those struggling by some definition get relief."
“The actual dollar amount, it’s hard to put that at a figure that’s enough to help everyone who is struggling. And because of that, I’d err on the side of doing more.”
Why we need to prioritize passing H.R.1 along with H.R.4 and legislation granting statehood to Washington, D.C. (H.R.51) as the first items of business in the 117th Congress.
"Black student debtors "are 16 percent more likely to be in default or seriously delinquent than white student debtors; Latino borrowers are 8 percent more likely."
"Black and Latinx borrowers [are] more likely to be denied credit than white borrowers and more likely to be charged higher interest rates [...]. [O]ne of many ways the financial deck is stacked against Black and brown consumers.”
The For the People Act can begin to address the longstanding racist exclusions in our democracy with policy solutions that are proven to advance racial equity.
Letter from 31 civil rights, consumer, and community organizations urging the National Association of Insurance Commissioners (NAIC) to issue a recommendation that credit information no longer be used to determine eligibility for, or the cost of, auto or home insurance.
Big companies are using data to preserve the power imbalance that keeps them rich. This economic model is rooted in chattel slavery and relies on the extraction and commodification of data.
The Executive Order on Racial Equity represents a firm commitment by the Biden Administration to champion racial equity and to advance equitable practices in data collection and data provision.
Until voters and elected leaders in Baltimore, Maryland took action to bring small donor public financing to their elections, big money in politics was a growing problem in the city.
Written testimony of Demos Associate Director of Policy and Research, Amy Traub before the U.S. House of Representatives Committee on Financial Services