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 — 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.
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.
New York, NY — The Inequality Matters conference kicks off on Thursday, June 3rd at New York University (NYU), with keynotes by Bill Moyers and Barbara Ehrenreich.
The conference will raise an alarm about the explosive growth in economic inequality in the U.S., examine its causes, and create a forum to press for solutions to this national crisis.
Key facts:
° The Congressional Budget Office (CBO) recently released new figures showing that the income gap in the US is now the widest in 75 years.
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.
New York, NY — Americans faced a massive rise in credit card debt during the 1990s, according to a new study released today by Demos. "Borrowing to Make Ends Meet" found that while low-income and elderly Americans have been hit hardest by the debt boom, Americans of all stripes are suffering under the burden of high-interest credit card debt.
At a telephone news conference this Wednesday, three national policy organizations will release the results of a new nationwide, bi-partisan survey of young adults ages 18-34 about higher education’s importance and affordability, student debt, and Congressional proposals to cut Pell Grants or charge interest on federal student loans while borrowers are still in school.
NEW YORK- While they believe that higher education is more important today than it was for their parents’ generation, most U.S. adults age 18 to 34 also view college as harder to afford than just five years ago.
NEW YORK – On the eve of the release of new GDP numbers, Demos is publishing a new report challenging the dominance of GDP in the nation’s economic and policy debates. Beyond GDP: New Measures for A New Economy illuminates the limits of a measurement that shows economic growth, as the 2011 numbers will likely indicate, against the backdrop of an ongoing national economic crisis.
New York, NY--Demos views the mortgage servicing deal reached today between a coalition of state Attorneys General and 5 major Wall Street banks as an important stepping stone in the effort to secure justice for homeowners victimized by the foreclosure crisis.
New York – In advance of Earth Day, a new research brief from non-partisan public policy organization Demos sounds a wake up call for policymakers and voters: “The Economic and Environmental Impacts of Climate Change in Florida” lays out how Floridians’ health, economy, and environment are already suffering the effects of climate change and how continued inaction on climate change promises dire consequences in the coming decades.
New York – In advance of Earth Day, a new research brief from non-partisan public policy organization Demos sounds a wake up call for policymakers and voters: “The Economic and Environmental Impacts of Climate Change in Arizona” lays out how Arizonans’ health, economy, and environment are already suffering the effects of climate change and how continued inaction on climate change promises dire consequences in the coming decades.
New York – In advance of Earth Day, a new research brief from non-partisan public policy organization Demos sounds a wake up call for policymakers and voters: “The Economic and Environmental Impacts of Climate Change in Nevada” lays out how Nevadans’ health, economy, and environment are already suffering the effects of climate change and how prolonged inaction on climate change promises dire consequences in the coming decades.
Community college credentials can play a vital role in creating economic security for young adults while at the same time rejuvenating career opportunities.
New York, NY — As President Obama calls for massive increases in Federal college grant aide in the 2011 budget, a new report by the policy center Demos shows how one-and two-year postsecondary degrees are vital tools for moving people into living-wage jobs.
NEW YORK – Fifty years ago, Michael Harrington's classic exposé The Other America blew open the reality of widespread poverty in the United States, and while it paved the way for policies that have improved the lives of millions of Americans, the problem persists today. Today, Demos and The American Prospect are co-hosting a conference and launching an interactive data visualization to examine why proven solutions to poverty are going unheeded, leaving 46.1 million Americans in poverty in 2010.
SANTA FE— A new report released today reveals how New Mexico’s economy is at risk for serious damage as the climate change crisis grows graver. New Mexico, the report explains, is particularly vulnerable to water shortages and increased forest fires due to the impacts from climate change.
Washington, DC - The United States Student Association (“USSA”), the nation’s oldest and largest student-run, student-led organization, yesterday filed a brief amicus curiae supporting the constitutionality of the University of Texas’ undergraduate admissions program, which is being challenged before the U.S. Supreme Court in Fisher v. University of Texas, No. 11-345. USSA is comprised of more than four million students with diverse backgrounds who are currently enrolled in American colleges and universities.
MIAMI – In just three years Florida’s higher education funding per student decreased 40 percent, according to a new report by national public policy center Demos and the Florida-based Research Institute on Social and Economic Policy (RISEP). As a direct result, Floridian families now spend 25% of median income on the cost of a single year of attendance at a public four-year college. The situation is only looking grimmer, with the recent $300 million cut to public four-year universities.