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In the aftermath of the financial crisis, plenty of Americans have seen their credit scores tank. But can that really affect your ability to get a job? Yes, because employers increasingly are relying on workers' credit histories in screening applications.
In the media
David Schepp
Despite millennials' lingering reputation as financial delinquents, it turns out not everyone drowning in credit card debt has a newly-printed college diploma and a stack of student loan bills. A recent article by Reuters' Chris Taylor reveals baby boomers are facing an even steeper road to
In the media
Megan Durisin
Mandy Woodruff
If you consider yourself part of the middle class, you could be forgiven for not standing at the ready after President Obama called for you to be reignited.
In the media
Sharon Schmickle
Harsh, an IT professional from Tuscola, Illinois, is 62, around the age at which a lot of people start actively planning to retire to a white-sandy beach with a frozen margarita in hand. Harsh's debt snuck up on her as she helped her two daughters with college and living costs. She went back to
In the media
Chris Taylor
New York, NY -- In his State of the Union last night, President Obama hit on four key issues where Demos is engaged and where progress is long overdue: voting reform, the minimum wage, universal pre-K, and higher education. On the bipartisan voting commission, Brenda Wright, Vice President of Legal
Press release/statement
Which is better for a country’s well-being: $10 million spent constructing a jail, or $10 million spent producing a line of smartphones? How about clear- cutting rain forests to produce $10 million in lumber? Or a storm that requires $10 million in repairs?
In the media
The Editors
Image
US Navy military airplanes in formation
One of the main reasons GDP declined was a 22 percent decrease in defense spending. This is not a bad thing.
Blog
J. Mijin Cha
A recent survey by Demos found that middle-income Americans 50 years of age and older have more credit card debt, on average, than younger Americans, a finding opposite of that reported in a 2008 survey. The report revealed that older American households had an average credit card balance of $8,278
In the media
Daniel Purt
Elderly Americans are carrying more credit card debt, according to a new survey. The survey reports the main reason is due to job loss and medical bills, not because of a lack of financial responsibility. The study looked at 997 middle-income households that were carrying credit card debt for at
In the media
Adrift on a sea of red ink, more middle class Americans are feeling queasy about their retirement plans. And many of those struggling to save have very little time to right the ship.
In the media
Eleanor Laise