Student debt can weigh you down long into adulthood, and might make you less likely to ever be able to retire.
That's according to a new analysis from Demos, a progressive think tank.
This chart shows the clear benefit of getting a college degree. Households with some college but no degree are unlikely to own a home, while homeownership is the norm for households headed by someone who finished college.
A separate report this week by the left-leaning think tank Demos suggests that black students may also be disproportionately impacted by such policies.
The fact that student debt continues to soar is troubling enough. Now there is clear evidence that it also deepens the gap between the haves and the have-nots.
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The debt-free college initiative is based on a plan sketched out by liberal think tank Demos. It calls for the federal government to award grants to states that increase spending on higher education and increase need-based grant aid.
"We're at a really interesting and troubling point where student debt has become sort of normalized," Mark Huelsman, a senior policy analyst at the think tank Demos, told Mic. "Tuition used to be low enough and grant aid used to be high enough that total cost of attendance at higher university was manageable with a summer job."
Senator Bernie Sanders may be shaking up the 2016 presidential election already, but he’s also continuing to make waves in Congress. The senator from Vermont has proposed something pretty radical: free college for all at public four-year colleges and universities for those who meet admission standards.
Black and Hispanic retail workers make less than their white counterparts and are presented fewer opportunities to move up the ranks, according to a report released today.
A "racial wage divide" exists among front-line retail workers, such as salesclerks and cashiers, says the report by the NAACP and Demos, a progressive think tank in New York City.
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"I think this is a particularly egregious practice," said Catherine Ruetschlin, a Demos senior policy analyst,
Retail workers — sales clerks, cashiers and stock people — account for one in six jobs in the United States and a large share of the new positions created in the years since the recession. Many of the jobs are low-paying, making retail a major culprit in one of the most difficult challenges confronting the economy: stagnant wages.
Forty-seven years after the Poor People’s Campaign ended, political discussion in liberal activist circles has bifurcated in unnecessary ways. There are separate economic and racial justice movements, and as my Salon colleague Joan Walsh points out, political leaders too often speak to only one or the other. But these movements are different facets of one fight; if black lives matter, surely their economic lives matter too.
The second largest source of jobs for black people in the country is also one of the worst industries to work in. Although big retailers tout their “entry level” positions as a path to the middle class, retail work is built on dead-end jobs that perpetuate racial inequality.
When it comes to equal pay and promotion opportunities, it appears blacks and Latinos are losing out in the retail industry.
Minorities tend to hold fewer managerial roles and suffer from a significant pay gap when compared with white workers, according to a new paper from Demos, a left-leaning think tank, and the NAACP.
The cost of college has risen 1,120 percent over the past three decades. Today, students are united in the near-universal nature of paying for school through student loans. However, this reliance on student loans does not create a more equal cohort of graduates.
Increasing tuition costs are largely held to be at fault for rising levels of debt. However, the cause of rising tuition is subject to debate. Some believe that public subsidies have encouraged colleges to avail themselves of the “free money” and jack up tuition prices. Others say it is the competition among institutions to build the most expensive and cutting-edge amenities on campus.
African-American and Latino cashiers, salespeople and first-line managers are paid less, are less likely to be promoted off the floor and more likely to be poorer than their white counterparts in the retail industry, a new study showed Tuesday.
The study, done by the NAACP and Demos, a public policy organization, found that in the major jobs held by retail workers, African-Americans are paid the least, followed by Hispanics. They also are less likely to get full-time jobs instead of part-time and are underrepresented in management positions.
When it comes to U.S. retail workers, a new study finds there's a significant wage gap.
According to public policy organization Demos and the NAACP, black and Latino workers are paid less than their white counterparts. (Video via Voice of America)
According to a new report, minorities who work in retail earn less and are less likely to be promoted than their white counterparts. The study, released yesterday by the NAACP and public-policy group Demos, found that retailers pay black and Latino full-time salespeople about 75 percent of what they pay white workers in the same positions.
As 2016 Republican frontrunners continue to dismiss the wage gap as a speculative topic, a new study published on Tuesday further proves just how real the rift is for people of color.