New York, NY —A growing number of young students are turning to more affordable community colleges for their higher education, but only an alarming two out of five finish a degree within six years of enrollment, according to a new report published today.
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.”
Findings Show Skyrocketing Costs, Dwindling Savings, Stagnant Wages and Medical Debt Major Factors
New York, NY — As the recession continues to squeeze financially vulnerable American households, they are turning to credit cards to make ends meet, according to "The Plastic Safety Net: How Households are Coping in a Fragile Economy," a new report published today by Demos, a national research and policy center.
This pandemic is revealing the deeper inequities for Black and brown people that have always been present in our economy and democracy but that are often papered over in ordinary times.
"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."
The CARES Act passed fails to meet a simple moral test - that we protect the most vulnerable among us because it largely excludes immigrant and mixed-status families, including their U.S. citizen children, from stimulus payments.
COVID-19 is a threat to everyone, but the economic damage resulting from medically necessary quarantines and shelter-in-place orders is neither random nor equally distributed.
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.
Without the Consumer Financial Protection Bureau, lenders preying on communities of color would continue to pull in windfall gains, while widening the racial wealth gap and undermining the precarious financial stability of vulnerable households.
Rather than try to dismantle one of the few tools we have to keep this problem from getting worse, this administration should take a more nuanced and comprehensive approach toward making our campuses more reflective of our society, particularly for the most diverse generation of students ever.
The Congressional Black Caucus budget should be implemented because it calls for racial equity in future infrastructure and investments; improving public transit infrastructure, noting that people of color are heavy users of it; and school infrastructure, saying that modernized buildings held reduce achievements gaps.
Last year, Americans took over 10 billion trips on public transportation. These were trips to work, to school, to stores, to health care, to places of worship, and elsewhere. For millions of Americans, their quality of life rests on the quality of public transit.
[A]ccording to our in-depth analysis of data from Demos and NCES, black and Hispanic students are paying more when it comes to student loans than white students. [...]
Instead of policies and agency practices that divide us by doubling down on the grave inequality created by historic and current discrimination, we should advance policies that repair these rifts and bring us together.
