This difference stems largely from the historical advantages built into whiteness, and the severe historical economic cost of blackness. Many of these advantages were covered in the Demos and IASP report titled "The Asset Value of Whiteness."
Addressing the needs of these drop-off voters and young non-voters, while reducing structural and political barriers to voting, are critical steps for the Democrats going forward, far more so than trying to win back Obama-to-Trump voters.
Amy Traub for Demos: If you want to make crime pay — and get a lighter penalty if you're caught — you're better off cheating your employees out of their fair wages than trying to nick the latest video game console or pair of designer shoes off the shelves of your local retailer. [...]
"If every registered millennial voted, their turnout rate would still be lower than those 65 or older," Sean McElwee, a policy analyst at the progressive think tank Demos who studies voting patterns and behaviors, said in an interview. "Registration barriers disproportionately affect youth, who are more mobile and more likely to be renters. The result is that policy doesn't reflect their preferences." [...]
In the United States, Sean McElwee, a policy analyst at the liberal think tank Demos, and Jason McDaniel, a professor of political science at San Francisco State University, examined data from American National Election Studies and reported in The Nation that:
On a new survey which finds that hedge funds and traders of stocks and bonds are predicted to see bonuses drop by as much as 10 percent from last year.
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.
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.
The children of the New Economy have responded to the economic disparity and social insecurities in our schools, neighborhoods and workplaces with a backlash against government bashing.
In the past 15 years the ramifications of poor credit have grown, as credit score "mission creep" has set in, said Amy Traub, a senior policy analyst with the New York-based think tank Demos and author of the recently released report "Discrediting America." Credit scores determine not just the interest rates paid on material goods, such as a cell phone or car, but also the pricing of utilities and insurance. Approximately 60 percent of employers use credit reports to screen job applicants.
“The middle class is not on the same solid footing that it once was,” said Jennifer Wheary, who cowrote a study on the recession’s impact on middle-class African Americans and Latinos with Brandeis University and the New York think tank Demos.
Amy Traub, a senior policy analyst at watchdog group Demos, says that credit-based insurance scores hurt lower-income people more because they are more likely to have lower scores. She noted a study that showed while those with lower scores made more claims because they couldn't swallow the costs, the cost of those claims were not necessarily greater.