Boosting the returns on homeownership for black families would reduce the wealth gap with white families by more than $17,000, or 16%, according to a 2015 report from the public-policy organization Demos and the Institute for Assets and Social Policy at Brandeis University.
“These are folks who are serving [and] preparing food for all of the rest of us. It's a recipe for contagion when...the people preparing your food cannot afford to stay home when they have a contagious disease.”
It’s crucial that the U.S. Congress and the Department of Education act swiftly and aggressively and provide states and institutions with much-needed support before it’s too late.
"Like in previous moments of crisis, whether it's the Great Depression or the 2008 financial crisis, we will need new governmental bodies to address the public needs at this scale."
There have been devastating reports of disproportionate rates of death in Black communities as a result of COVID-19. Racial capitalism and structural racism are to blame.
Private credit reporting companies should be replaced by a publicly run credit registry that operates in the public interest and that automatically corrects for events like natural disasters and global health crises.
12 years after entering college, white men have paid off 44% of their student-loan balance on average, according to an analysis released last year by Demos, a left-leaning think tank.
Congress must address how Black, Indigenous, and Latinx people confront both the worst health outcomes and the greatest threats to household financial stability as a result of the pandemic.
The COVID-19 crisis has cast into stark relief what has always been true: the wealth and prosperity of the U.S. economy rests on the labor, and the lives, of black and brown communities.
Twelve years after starting college, white men have paid off 44% of their student loan balances on average, while black men saw their balances grow by 11%, according to an analysis from Demos.
Twelve years after starting college, the white female borrower has paid off 72% of her loan balance. Over the same time period, the typical Black female borrower's balance has grown by 13%.
"Imagine any financial transaction you make and someone says the price of this thing is $100,000, but you are very likely to pay nothing, but first you have to fill out all these forms."
“This is a microcosm of many intra-progressive, intra-left policy debates—whether it’s better to do something universal and achieve something with relative ease or ensure that only those struggling by some definition get relief."
“The actual dollar amount, it’s hard to put that at a figure that’s enough to help everyone who is struggling. And because of that, I’d err on the side of doing more.”