The Economic State of Young America is a comprehensive databook offering proof that a combination of declining incomes, growing debt, and high costs of education, homeownership and healthcare are conspiring to make this generation the first to not surpass the living standards of their parents. The report examines the financial condition of today's young adults across key economic indicators, including jobs and income, debt and savings, college access and attainment, and housing affordability.
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When Congress passed the National Voter Registration Act (NVRA) in 1993, its goals were to “increase the number of eligible citizens who register to vote in elections for Federal office” and “protect the integrity of the electoral process.”Yet, while most states created effective programs for mail-in and Department of Motor Vehicles-based registration processes, many neglected the NVRA’s social service agency requirements (detailed in Section 7 of the Act). This paper outlines and highlights the outstanding and thorough work of the North Carolina Board of Elections in responding to ev
As the next installment in the By a Thread series, Economic (In)Security uses the Middle Class Security Index to provide the first comprehensive portrait of the level of financial security enjoyed by African-American and Latino middle-class families. The findings show that, in the wake of fading economic opportunity, these two rapidly growing groups face mounting obstacles in becoming part of, and remaining securely in, America's middle class.
In the Red or In the Black? looks at whether household savings serve to protect families from incurring unsecured debt, and in turn, whether the presence of unsecured debt acts as a barrier to savings and wealth accumulation.
Since the 2000 election, a historic effort has been underway in the United States to strengthen voting systems across all 50 states and to address obstacles to broader electoral participation. At both the federal and state levels, however, efforts to advance a reform agenda have been frequently complicated by heated debates over the integrity of voting systems — and by allegations of widespread election fraud, and its cohort, voter fraud.
With the governor Chet Culver's pen stroke, Iowa became the eighth state in the nation to extend the franchise to otherwise eligible citizens who had not yet registered to vote at the close of voter registration deadlines. This report recounts the successful implementation of Election Day Registration in Iowa.
Developed in collaboration with the Institute on Assets and Social Policy at Brandeis University, By a Thread: The New Experience of America's Middle Class looks at the financial security of the middle class using the innovative Middle Class Security Index, rating household stability across five core economic factors: assets, educational achievement, housing costs, budget and healthcare. The Index provides a comprehensive portrait of how well middle-class families are faring in each of these areas, with spotlight on the strengths and vulnerabilities of today's middle class.
A Fallible 'Fail-Safe' provides a snapshot of provisional balloting problems experienced by voters across the nation in November 2006, as reported by Election Protection volunteers. While provisional ballots may comprise only a fraction of the national vote, as this report shows, they determined the outcome of various electoral races in 2006.
Americans carry over $800 Billion in credit card debt. Using most recent data from the Federal Reserve Board's Survey of Consumer Finances, Borrowing to Make Ends Meet exposes this and other disturbing trends in American families’ debts and financial assets. The report breaks down debt and asset data by age, race and income demographics, and shows how financial fragility makes the most vulnerable groups of Americans even more so.
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It has been nearly two decades since the credit card industry was deregulated with the promise of bringing greater competition and lower prices to consumers. Under the shield of deregulation, credit card companies have shifted the cost of credit to individuals least able to afford it. As this report shows, low-income individuals, African Americans, Latinos and single females bear the brunt of the cost of credit card deregulation through excessive fees and high interest rates.
Basic demographic data reveal much about the need for better access to the voting process.
Studies have shown that 20% of the population of the U.S. has one or more disabilities and that approximately 10% of that number live with severe disabilities and that about 20% of U.S. adults with disabilities — more than 8 million potential voters — say they have been unable to vote in presidential or congressional elections due to barriers at or getting to the polls.
Health care costs are rising sharply, placing stress on employers, individuals, and families. As employers look to rein in benefit costs, they are increasingly turning towards health insurance options that feature greater employee cost sharing through higher deductibles, co-payments, and other forms of out-of-pocket expenses. Others are dropping coverage entirely. Financially stretched low- and middle-income families, however, can scarcely afford these higher medical expenses.
Although Americans of all ages have endured the economic and social changes ushered in by a shift from an industrial to a technology- and service-based economy, today’s young adults are the first to experience its full weight as they try to start their lives. But the challenges facing young adults also reflect the failure of public policy to address the changing realities of starting, and building, a career and family in 21st century America.
Most parents with children under the age of 6 are in their late 20s or early 30s, making issues of family leave, child care, and work flexibility of core concern to young adults under the age of 34.
Young families across the income spectrum are financially and emotionally stressed by the demands of work and family, yet our nation has failed to address these issues in any systematic or holistic fashion.
Over the past decade, rents and home prices in major cities across the country have escalated rapidly. As young adults transition from college into the workforce, already owing an average of $20,000 in student loan debt, securing affordable housing in the current market can pose an overwhelming challenge.
Debt has become a generation-defining characteristic for today's young adults. The problem often begins with student loan debt, which today affects both community college and university students. In addition, today's young adults are relying more on credit to cover basic living expenses, particularly during those first few years in the workplace. As starting salaries have failed to keep pace with rising student loan bills, housing costs or health care costs, for many young adults the credit line becomes a lifeline.
Job security and stability were defining characteristics of the U.S. labor market from the 1950s to the mid-1970s. A large portion of the workforce was unionized, and workplace benefits such as health insurance and pensions were standard. Today, young workers can no longer expect to work at a company with the intention of staying until retirement. Union membership has dropped to just 8.6 percent of the private-sector workforce, and benefits are becoming increasingly rare. Job instability is the new reality.
In today's knowledge-based economy, a college degree is a necessary qualification for entry to the middle class. Over the last 30 years, as real wages for workers with only a high school diploma have fallen, the life outcomes for those with college degrees have diverged from those with only high school degrees. In 1977, for example, there was only a 6 percentage-point difference in home ownership rates between those with college educations and those without. Today, there is a 20 percentage-point difference.
In recent years, citizens, the media and political experts have expressed growing concern over redistricting--the process of drawing new district lines to determine which residents will be grouped together when electing representatives. This concern has focused on the steady decline in competitiveness in congressional and legislative districts across the country and the recent efforts of several states to redraw legislative districts mid-decade to gain partisan advantage.