Young adults are in a critical period of change and choices, as they confront the decisions that will pave the way to their futures. But the generation coming into its own in the aftermath of the Great Recession faces challenges that threaten to undermine even the best laid plans.
Demos has conducted extensive research on credit card debt among low- and middle-income households. As part of this research, we have become increasingly concerned with how families are being financially penalized for being in debt, making it difficult, if not impossible, for them to ever get out of debt.
New Yorkers shut out of a job by employment credit checks spoke out and told their stories, expressing hope that New York City would build on its recent success banning discrimination against the unemployed in hiring to also put an end to credit discrimination.
Another month of weak job growth seems especially cruel after the greater-than-expected employment gains in February. But workers were already onto the trend, leaving the labor market in droves throughout March despite the anomaly of a statistical surge in hiring the month before.
While the longest shutdown in U.S. history leaves millions of Americans with missed paychecks and mounting bills, this piece explores why we must build wealth for all, especially for communities that have been historically kept from economic opportunity.
While the government shutdown left us without recent economic data, the rising Black unemployment rate reveals essential truths about the state of our economy.
For too long, the wealthy and powerful have used the cycle of economic and political power to enrich themselves and entrench their control. In this piece, Dēmos president Taifa Smith Butler envisions a more virtuous cycle of power.
Despite living in one of the world’s wealthiest nations, millions of Americans remain financially vulnerable, with stark racial disparities in who has enough emergency savings to weather even a brief crisis.
A strong economy cannot be measured by stock market performance; it must be assessed by everyday people’s ability to meet their basic needs and achieve economic security.
History reminds us that progress has never come from moderation or retreat. It has come from people who refused to wait their turn, who organized, resisted, and reshaped the nation.
