The Massachusetts lawsuit alleges that the Commonwealth failed to provide required voter registration services at public assistance offices, a violation of the National Voter Registration Act of 1993 (NVRA).
Just as postsecondary education has expanded opportunities for good jobs and entry into the middle class, college costs are rising beyond the reach of many Americans. State policy decisions are largely responsible for this major cost shift onto students and families. Public investment in higher education has decreased considerably over the past twenty years, and financial aid programs fail to reach all students with financial need. Students and their families must now pay—or borrow—much more than they or Texas can afford.
Demos conducted a nationwide survey of low- and middle-income households in early 2012. The findings in this brief summarize the relationship between college costs and credit card debt, and its impact on students and their parents.
La educación superior se ha convertido en un requisito básico para conseguir un trabajo con un salario decente y para entrar en la clase media. A la misma vez, esta licenciatura se ha puesto tan cara que no está al alcance de muchos de los jóvenes en Estados Unidos. El costo de ir a una institución de estudios superiores ha aumentado de manera exponencial en los últimos veinte años, mientras que las políticas de ayuda económica han paulatinamente abandonado a los estudiantes con mayor necesidad económica.
A core value of American society is the opportunity to work hard and get ahead. Yet today in the United States, willing job-seekers are facing a new barrier to employment—credit checks. Despite the lack of evidence connecting people’s credit histories to their on-the-job performance, a 2010 survey by the Society for Human Resource Management found that 47 percent of firms use employment credit checks.[1]
Today’s prolonged economic slump is fundamentally different from an ordinary recession. In the aftermath of a severe financial collapse, an economy is at risk of succumbing to a prolonged deflationary undertow. With asset prices reduced, the financial system damaged, unemployment high, consumer demand depressed, and businesses reluctant to invest, the economy gets stuck well below its full employment potential.
The share of workers without any retirement plan at work has risen dramatically over the past decade. The percentage of workers whose employer did not sponsor any type of retirement plan rose from 39 percent to 47 percent—a 21 percent increase.1 This alarming trend is a call to action for state and local policymakers who want to prevent old age hardship by ensuring all workers can invest adequately, efficiently, and safely for their own retirement. protecting funds from the volatility of the stock market.
This year’s holiday shopping season has started with a bang with 247 million shoppers (an all-time high and up from 226 million last year) spending an average of $423 each at local or online stores during the Thanksgiving Black Friday weekend.[4]According to the National Retail Federation, retail sales during November and December this year are expected to total $586 billion,
Joblessness imposes steep costs on millions of unemployed workers and their families, requiring households to continue meeting basic expenses without their former income.
CFTC Chairman Gary Gensler has often said that weak rules on regulatory jurisdiction across borders could blow a hole in the bottom of financial reform. He is right. In a recent speech on the subject, he said: “All of these common- sense reforms Congress mandated, however, could be undone if the overseas guaranteed affiliates and branches of U.S. persons are allowed to operate outside of these important requirements.”
Three years have passed since David (the American public) defeated Goliath (the big banks) and the Dodd-Frank Act became law. Implementation staggers forward and there have been some recent encouraging developments. But, overall, there is reason for serious concern about the fate of financial reform.
Just as postsecondary education is becoming increasingly vital to getting a good job and entering the middle class, college costs are rising beyond the reach of many New Yorkers. State policy decisions have played a significant role in this rise by shifting costs onto students and families though declining state support. New York’s investment in higher education has decreased considerably over the past twenty years, and its financial aid programs, though still some of the country’s most expansive, fail to reach many students with financial need.
These stories were taken from the thousands of stories submitted to the Consumer Financial Protection Bureau when they requested comments about private educational loans and struggles with student loan debt.
Fast food companies keep employees at poverty-level wages while reaping billions of dollars in profits. It drives inequality, slows growth, and lowers living standards.
Elizabeth Ridlington and Miles Unterreiner of Frontier Group, Robert Hiltonsmith of Demos, and Kurt Walters of Public Campaign helped with data analysis for this report.
