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Investors who were paying attention got a cold slap of reality this spring when the progressive think tank Demos released a study showing that the median household could expect to pay more than $150,000 in 401(k) fees over the course of a working lifetime, or about a third of potential investment
In the media
Chris Gay
Washington, DC - The United States Student Association (“USSA”), the nation’s oldest and largest student-run, student-led organization, yesterday filed a brief amicus curiae supporting the constitutionality of the University of Texas’ undergraduate admissions program, which is being challenged
Press release/statement
It seems there is little real relief on the horizon. “If you’re coming out of college with an average number of $20,000 to $25,000 in debt and there’s no job out there, you’ve got a real problem,” said John Quinterno, a researcher who has studied the consequences of student debt.
In the media
When I was a student, my English-major friends warned me that economists were people who didn’t have enough personality to become accountants. It seemed like a terrible accusation at the time. Today, I worry less about the personality than the efficacy of both professions.
In the media
Nancy Folbre
A group responsible for development of the Willets Point space next to Citi Field said Walmart wouldn’t be a part of its conception. Late last week, the Daily News reported that Walmart quietly lobbied city officials to include them in the development of the area near Citi Field that currently
In the media
Stephon Johnson
The days between the Fourth of July and Bastille Day on the 14th are known for fireworks on both sides of the Atlantic. This year, more rockets and firecrackers than usual were going off, but they were inside hearing rooms in the British Parliament and the U.S. Congress. Barclays bank announced that
In the media
Wallace C. Turbeville
How will Marissa Mayer’s pregnancy play out? Will the new Yahoo chief executive find that it’s not so easy to power through a maternity leave? Or will she spend just a few short weeks at home — working all the while, as she promised in an interview — and thus set the bar high for future pregnant
In the media
Sharon Lerner
The think tank Demos has been doing a really stellar job commemorating the anniversary of Michael Harrington’s “The Other America” — as mentioned in my poverty charts post yesterday — and their best item so far is this series of beautiful interactive charts illustrating the state of poverty in
In the media
Dylan Matthews
Fifty years ago, Michael Harrington wrote The Other America, documenting – among the many ravages of poverty – that millions of children in the richest country on earth went to bed hungry every night. His book inspired two Democratic presidents, John F. Kennedy and Lyndon B. Johnson, to launch a war
In the media
Merrill Goozner
NEW YORK – Fifty years ago, Michael Harrington's classic exposé The Other America blew open the reality of widespread poverty in the United States, and while it paved the way for policies that have improved the lives of millions of Americans, the problem persists today. Today, Demos and The American
Press release/statement