"Black student debtors "are 16 percent more likely to be in default or seriously delinquent than white student debtors; Latino borrowers are 8 percent more likely."
The winter storm disaster in Texas was a crisis fueled by a failure to address climate change and the influence of oil and gas companies in state and local politics.
The American Rescue Act will provide economic relief and investments in Black and Brown communities. Yet, for all its strengths, there are still significant limitations.
Written testimony of Demos Associate Director of Policy and Research, Amy Traub before the U.S. House of Representatives Committee on Financial Services
The Build Back Better Act would dramatically help working people and families. Now, the passage of this once-in-a-lifetime framework is in the hands of a few legislators who are beholden to corporations and the ultrarich.
“The government has not asked questions of the banks for this latest bailout—protecting the priorities of banks and shareholders. But for the rest of us, not so much.”
“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."