"Income is actually a somewhat imperfect way to judge whether or not a family is financially secure. The typical black family making $100,000 has a lot less wealth than the typical white family making $100,000."
"The percent of low-income students borrowing for a bachelor’s degree is unconscionably high, particularly if you consider their debt loads as a percent of their family income and wealth. Even if low-income students and high-income students were borrowing the exact same amount for college, that debt is a far greater burden relative to their family wealth.”
Demos’s report details how historical and structural racism contributes to higher interest rates and insurance costs for Black and Latinx people, compared to white Americans.
So the next time Democrats complain about lower voter turnout, not just in 53206, but in any beleaguered neighborhood, they might think first about the policies, both old and new, that have served and continue to serve as stumbling blocks for black political participation.
“It’s a lot of debt out there. But that debt and the burden of that debt is not necessarily being felt equally. It’s extremely difficult for borrowers of color in particular."
“Voting rights is the foundational issue in American politics and American society. Simply put, if we don’t all have an equal say, how can we expect to have an equal chance?”
Eliminating all student debt, per Sanders' plan, would increase the wealth gap between white and black households, according to one 2015 study co-authored by left-leaning think tank Demos.
Today’s Supreme Court decision that federal courts have no ability to check extreme partisan gerrymandering is a stunning blow to our democracy. This decision represents an abdication of judicial responsibility to protect against constitutional violations.
"It’s also clear what we must do: restore the race-conscious protections of the Voting Rights Act and enact affirmative measures to expand ballot access across the country."
“There was an assumption that the student debt problem was concentrated among those at for-profit colleges or predatory programs. Or it was seen as a problem with repayment and not necessarily with debt itself. That has shifted over the last couple of years.”
"White families who did not graduate from high school have the same level of wealth as a black family with a college education. All this has led to a system where black families in particular, but also Latinas, have less wealth to face the challenges when it comes to paying off that debt."