NEW YORK-- Today's 20-somethings are the first generation, as a whole, to face downward economic mobility compared to their parents' generation, according to a new report from national policy center Demos and youth advocacy organization Young Invincibles.
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.
Demos applauds the Department of Labor’s and Treasury Department’s announcements on Friday of several rule changes that would make it easier for some Americans to protect themselves against the risk of outliving their retirement savings when they retire.
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 – Today Demos applauded the announcement by New York City Comptroller John Liu of a new proposal for the creation of “New York City Personal Retirement Accounts.” These accounts would be both a historic achievement and a huge step towards enabling millions of New York City workers to obtain the retirement security they so desperately need.
In the past 72 hours since its introduction, The Budget For All – an innovative, values driven fiscal plan to keep America exceptional in the 21st Century – has inspired support from noted economists, renowned think tanks and cutting-edge advocacy organizations.
NEW YORK – A new report reveals that African Americans remain disproportionately excluded from corporate and nonprofit board membership in New York City: Of the 697 directors that sit on the boards of the city’s 25 largest employers, only 5.7 percent are black. The study, by John Morning and national policy center Demos, also surveyed black participation on the boards of 14 premiere cultural institutions in New York City, finding that only 33 of the total 581 directors were African American.
DALY: Our mismeasured economy. "Today's polarized debates about the role of government often boil down to a single issue: the size of government compared with the size of the overall economy, as measured in gross domestic product....But such comparisons are not very meaningful: The way we measure government’s role in the economy is limited, inaccurate and unrealistic....We make the case that, in at least four critical ways, this G.D.P.
Once upon a time, America invested in its young people so that they could enter the world without debt. College was meant to provide opportunity and strengthen the overall economy by creating a better- educated workforce. Looking at the numbers today, I can only think that our current system has failed this generation.
As we mentioned during the rollout of Paul Ryan's poverty plan last week, expanding the Earned Income Tax Credit is one of the few anti-poverty measures both parties can agree about (even if they can't come to an agreement on how to fund it).
It's fair to say most people think of giving to charity as a good thing to do. If we have extra resources, it feels right to help people who are less fortunate.
There's little debate that college costs have risen over the past decade and that the increase has hit the wallets of families hard — especially those in the greatest need.
When people like me write about the middle class, it has nothing to do with envy or class warfare—two shopworn epithets that should be retired from the political lexicon. The condition of the middle class—its size, income and self-confidence—reveals the extent to which economic growth increases opportunity. When the middle class is shrinking, when incomes of middle-class families are stagnating and when the heart of American society is losing hope in a better future, then the U.S. economy is in trouble. And so is the political system. [...]
How bad a problem is inequality? Are working-class people getting screwed? Should we raise taxes on the rich? Is the United States, in short, a fundamentally unfair place? These are the questions that keep awake policy analysts and fuel endless dinner-party debates. But there's one group that is not losing very much sleep over them: rich folks.
For decades, free high-school education helped strengthen the middle class and generate prosperity. So isn’t it time to extend the same thinking to college?
