New York, NY — Today marks the release of a groundbreaking new book; STRAPPED: Why America's 20- and 30-Somethings Can't Get Ahead (Doubleday; On-Sale January 17, 2006), written by Tamara Draut, Economic Opportunity Director at Demos.
Washington, DC — American families are turning to credit cards to make ends meet in an increasingly volatile economy, according to The Plastic Safety Net: The Reality Behind Credit Card Debt in America, a new report released today by Demos and Center for Responsible Lending.
Washington, DC — On Wednesday, October 12, 2005 at the National Press Club in Washington DC, leading policy research and advocacy groups Demos, the Center for Responsible Lending and AARP will release findings from a new national survey of household debt in a report entitled The Plastic Safety Net: the Reality of Household Debt in America.
New York, NY — African-American and Hispanic households are at greater financial risk and more likely to be in credit card debt than their white counterparts, according to a new report, Costly Credit: African Americans and Latinos in Debt, released today by the Economic Opportunity Program at Demos, a leading national, non-partisan public policy and advocacy group. The report analyzed and compared credit card debt and the forces driving credit card reliance in three ethnic/racial groups: African Americans, Hispanics and whites.
New York, NY / Washington, DC — Today, Demos: A Network for Ideas & Action, a national economic policy research organization, urges Congress to recognize the fragility of our debt-driven consumer economy when considering the bankruptcy "reform" bill (S. 256/H.R. 685) that has been passed by the Senate and is now under consideration in the House of Representatives. Short of opposing this dangerous legislation, the House should at least include amendments that will protect our nation's families from the most deleterious provisions.
NEW YORK — A new report released today, Home Insecurity: How Widespread Appraisal Fraud Puts Homeowners At Risk, reveals troubling evidence that many American homeowners and buyers are at financial risk from mortgage appraisal fraud. As a consequence, countless homeowners have borrowed more money than their homes are really worth. The report was conducted by Demos, a leading non-partisan, public policy group headquartered in New York City.
New York, NY and Washington, DC — Today, Demos: A Network for Ideas & Action, a national economic policy research organization, urges Congress to halt movement on the bankruptcy "reform" bill (S. 256 and H.R. 685) that will be introduced in the Senate on Monday, February 28, 2005. Congress must recognize of the fragility of our debt-driven consumer economy, and address the economic conditions that have brought about a household debt crisis in America.
Olympia, WA— The national June jobs report showed 200,000 more people joined the unemployment lines. In Washington, unemployment is also rising--as jobs shift rapidly from manufacturing to the service sector--and state tuition/student debt is growing fast. Because of these developments, the state’s low- and middle-income families are particularly threatened.
New York, NY — Today, Demos: A Network for Ideas and Action announces the launch of its new Bankruptcy & Debt Clearinghouse (www.demos-usa.org/debt), an online information center containing key research, data points and analysis on trends in debt, bankruptcy and credit industry regulation in the United States.
New York, NY — Across the United States, families increasingly rely on credit cards to make up for stagnant wage growth and soaring costs. In order to cope, homeowners are depleting their home's equity to pay off a growing mountain of unsecured debt. This is a financial strategy fraught with serious consequences, according to A House of Cards: Refinancing The American Dream, a new report released today by Demos, a nonpartisan public policy organization based in New York.
New York, NY-- Recent comments made by President Obama about the threat of budget negotiations stalling crucial social security payments have highlighted the growing pain felt by America's seniors. A new report "From Bad to Worse: Senior Economic Insecurity On the Rise," from the Institute on Assets and Social Policy and national policy center Demos, underscores how seniors have too few resources and too little time to plan for a fulfilling retirement.
NEW YORK — The economic security of younger Americans is eroding at an alarming pace as a result of slow wage growth, underemployment, rising costs and mounting student loan and credit card debt, according to a new report, "Generation Broke: The Growth of Debt Among Younger Americans," released today from Demos, a nonpartisan, public policy group based in New York City.
Public policies can either fuel or ease racial disparities in wealth. This report marks the first-ever systematic analysis of the impact of different policies, highlighting the policies that could help erase the racial wealth gap.
New York, NY – Today,as Congressional battles threaten the future of the Consumer Financial Protection Bureau, the national policy center Demos published a new report that shows how failures of the credit reporting system — and the increasing use of the system's credit reports and scores for non-lending purposes — are having outsized and damaging effects on Americans' economic health.
Pittsburgh-The newly released national June jobs report showed 200,000 people joined the unemployment lines last month. In Pennsylvania, where the annual unemployment rate is the highest it has been in nearly three decades and state tuition/student debt is on the rise, the state's low- and middle-income families are in danger of disappearing.
A new report, "Under Attack: Pennsylvania's Middle Class and the Job Crisis," outlines these growing challenges facing millions of Pennsylvanians.
NEW YORK — Over the last decade, high interest rate debt among America's seniors has skyrocketed, making them the fastest growing age group headed into bankruptcy court, according to a new report, "Retiring in the Red: The Growth of Debt Among Older Americans," released today from Demos, a non-partisan, public policy group based in New York City.