Today, six in ten employers say that they check the credit histories of some or all prospective employees before making final hiring decisions. This traps many jobseekers in a devastating catch-22.
New York, NY – Today,as Congressional battles threaten the future of the Consumer Financial Protection Bureau, the national policy center Demos published a new report that shows how failures of the credit reporting system — and the increasing use of the system's credit reports and scores for non-lending purposes — are having outsized and damaging effects on Americans' economic health.
New York – Today, Demos, a national public policy research and advocacy center that supports fair employment practices, congratulates the Connecticut General Assembly for passing legislation that prohibits employers from using credit reports in employment decisions except in certain circumstances. Demos commends Senate Majority Leader Martin Looney, House Speaker Christopher Donovan and Representative Matthew Lesser for their leadership on this issue. Connecticut is sixth in a growing number of states to ban employment credit checks.
New York – This week, the growing practice of employers screening the credit scores of job applicants was dealt a legal blow after the Court of Common Council of Hartford, Connecticut, passed an ordinance prohibiting the practice as part of the city's employment application and promotion process. The legislation is the first municipal ordinance of its kind in the country.
Demos, a national public policy research and advocacy center that supports fair employment and publishes research hiring practices, celebrates the decision.
A study released by Demos, a research and advocacy organization, may shed light on why some working families have credit card debt and others don't.
The study, "Understanding the Debt Difference," is based on survey research of 2,248 low- and middle-income adults between April 2008 and August 2008, and contrasts the demographics, financial habits and economic circumstances of those with credit card debt and those without it.
David Callahan, a senior fellow at the think tank Demos, contends the tax code should differentiate between charities and overtly partisan advocacy organizations. Now neither type of group must reveal the names of its supporters.
New York, NY — As new unemployment figures show a still-staggering 9 percent of Americans out of work, a new report from the policy center Demos examines the degree that low income American families use credit to weather economic shocks, and draws out the impact of credit card debt on families' long-term financial stability.
Raleigh — North Carolina's young adults will continue to face a tough economy--one ravaged not only by recession but also by 30 years of declining opportunity and security for all but the most highly educated and affluent, according to a new report by Demos and the North Carolina Justice Center.
New Brief Shows Young Americans Need Wall Street Reform
Washington — Young Americans face "lasting damage" from the dual crises in the financial sector and in personal finance, making it urgent that Congress pass strong financial reform legislation.
Cleveland — Ohio's young adults will continue to face a tough economy--one ravaged not only by recession but also by 30 years of declining opportunity and security for all but the most highly educated and affluent, according to a new report by Policy Matters Ohio and the national policy center Demos.
Community college credentials can play a vital role in creating economic security for young adults while at the same time rejuvenating career opportunities.
New York, NY — As President Obama calls for massive increases in Federal college grant aide in the 2011 budget, a new report by the policy center Demos shows how one-and two-year postsecondary degrees are vital tools for moving people into living-wage jobs.
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.
Arguments Heard Today Suggest Precedents Limiting Corporate Political Influence Under Threat
Washington, DC — Today's argument in Citizens United v. FEC suggests that the Roberts Court is poised to sweep aside century-old restraints on corporate domination of the political marketplace — unless the wisdom of the Court's newest member proves persuasive when the decision is ultimately written.
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.