Developed in collaboration with the Institute on Assets and Social Policy at Brandeis University, By a Thread: The New Experience of America's Middle Class looks at the financial security of the middle class using the innovative Middle Class Security Index, rating household stability across five core economic factors: assets, educational achievement, housing costs, budget and healthcare. The Index provides a comprehensive portrait of how well middle-class families are faring in each of these areas, with spotlight on the strengths and vulnerabilities of today's middle class.
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.
As the next installment in the By a Thread series, Economic (In)Security uses the Middle Class Security Index to provide the first comprehensive portrait of the level of financial security enjoyed by African-American and Latino middle-class families. The findings show that, in the wake of fading economic opportunity, these two rapidly growing groups face mounting obstacles in becoming part of, and remaining securely in, America's middle class.
The Economic State of Young America is a comprehensive databook offering proof that a combination of declining incomes, growing debt, and high costs of education, homeownership and healthcare are conspiring to make this generation the first to not surpass the living standards of their parents. The report examines the financial condition of today's young adults across key economic indicators, including jobs and income, debt and savings, college access and attainment, and housing affordability.
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This report makes the case that we should create jobs for the unemployed directly and immediately in public employment programs that produce useful goods and services for the public’s benefit.
Today's young adults are coming of age in a tough economy, on the heels of 30 years of declining economic opportunity and security for all but the most affluent and most highly educated. These changes are quite evident in Michigan, where the once-mighty manufacturing sector that provided better-than-average jobs in the 1960s and 1970s has eroded, hitting young adults particularly hard.
Washington's strong and vibrant middle class didn't just happen. It was built brick by brick in the decades after World War II-by the hard work of our parents and grandparents and the strength in numbers that came from the unions that represented them. Unions made sure that as our nation's wealth and productivity grew, so too did the income and benefits of the people who worked hard to create that wealth. For decades, our nation's prosperity was widely shared-wages increased and more employers provided their workers with health insurance, pensions, and paid time off.
Pennsylvania's middle class is in jeopardy. Once the home of a thriving manufacturing sector, robust union participation, and an example of smart policy choices and a stable middle class, the state has been caught in a downward spiral that mirrors unfortunate national trends. And though Pennsylvania has weathered it better than most, the Great Recession has intensified this spiral in the Keystone State as well.
Now is the time for citizens, workers, employers, and policymakers to come together once again to rebuild pathways to the middle class, create good jobs with fair pay and decent benefits, and ensure that prosperity is broadly shared for the next generation.
The American Dream is about working hard in return for decent wages, economic stability, and being able to provide a better life for your kids. But the kinds of jobs that can provide a solid middle-class life in return for hard work are in short supply in Texas. Unemployment is still high, earnings have been stagnant for a decade, and many workers lack health insurance and retirement savings to protect them financially during a serious illness or when they can no longer work.
The American Dream used to mean that if you put in a hard day's work, you could expect good wages, benefits, and a better life for your kids. Today, the kinds of jobs that can provide a solid middle-class life in return for hard work are in short supply - unemployment is high, earnings are flat, and hard-won benefits are being lost. The future of Oregon's middle class, the backbone of the state's economy for more than half a century, is at risk.
Oregon's strong and vibrant middle class didn't just happen.
New York, NY – At its annual Transforming America Awards ceremony last night, the national policy center Demos announced that Bob Herbert, the award-winning former New York Times columnist, will join the organization as a Distinguished Senior Fellow. At Demos, Mr. Herbert will continue his work on behalf of low- and middle-income Americans, providing expertise and writing on economic, social and policy issues.
It’s been a politically and socially tumultuous year, with far too many setbacks and too few victories on the key challenges facing Americans today. Our Year in Review captures some of those ups and downs, with a focus on the events that defined the boundaries of our political debate and the actions that most impacted the lives of the 99%.
Social Security remains our nation’s key source of retirement income for most Americans. The program’s overall health is sound and with relatively modest tweaks to the program’s financing, we can strengthen the system for generations to come.
Strong voter participation and engagement are fundamental to a healthy democracy. Efforts to restrict access to voting fly in the face of this important goal. Yet, despite another midterm election in November 2010 in which only 41 percent of eligible persons voted, numerous states are now facing renewed efforts to restrict, rather than expand, the franchise. Increasing numbers of states are considering strict voter identification laws that would disenfranchise thousands, and possibly millions of Americans.
In order to reverse the troubling low graduation rates at our nation’s community colleges, low-income students must stop being financially penalized for attending these institutions. As this brief outlines, low-income students who attend community college receive less state and institutional grant aid, on average, than their counterparts at four-year public universities. Community College Students and Grant Aid recommends that states equalize their need-based grant allocation and that community colleges prioritize need-based institutional aid.
Strong voter participation and engagement are fundamental to a healthy democracy. Efforts to restrict access to voting fly in the face of this important goal. Alarmingly, despite another midterm election in which nationally only 41 percent of eligible persons voted, many states are now renewing efforts to restrict, rather than expand, the franchise.
Missouri is considering a bill requiring all voters to present government issued photo identification at the polls. The fact that Missouri is introducing a restrictive voter identification bill is particularly unfortunate considering the legislature passed such a bill in 2006 and it was struck down as unconstitutional under the state's constitution by the Missouri Supreme Court.
