Adults under 40 have been accumulating less and less wealth over the past 30 years, plummeting from owning 13% of the wealth in 1989 to less than 7% today.
Last year, the National Community Reinvestment Coalition released a report showing that neighborhoods singled out as hazardous by redlining are much more likely to struggle today than those that were not on the list.
The housing crisis facing the Defense Department dates back over 20 years. Congress enacted the Military Housing Privatization Initiative in 1996 to address Pentagon concerns over inadequate and poor quality housing for service members.
In a sign of how difficult it has been for Massachusetts to tackle its mounting housing crisis, a modest bill that would make it easier for cities and towns to build more homes — only if they want to — has been in legislative limbo for two years and counting, despite broad support and a months-long push for passage by Governor Charlie Baker.
Boston Globe: Other States Are Tackling Their Housing Crises. So Why Not Mass.? Read More »
As of 2016, the median wealth for Black families in America was $17,600, while the median wealth for White families was $171,000.
Vox: The Sordid History Of housing Discrimination In America Read More »
In a statement Tuesday, Avery Cohen, deputy press secretary for de Blasio, accused Newark officials of discriminating against low-income families.
More than half of low- and moderate-income older adults don’t have an adequate amount of short-term emergency savings, according to a recent report by the National Community Reinvestment Coalition.
Next Avenue: Finally: A Push to Help Americans Save For Emergencies Read More »
Advocates are arguing that the Thirteenth Amendment prohibits usurious loans.
The Atlantic: Freedom Is Meaningless Under Insurmountable Debt Read More »
The announcement is perhaps the most sudden development to date in a Democratic presidential campaign where Harris began in the top tier.
The New York Times: Kamala Harris Drops Out of the 2020 Presidential Race Read More »
Anderson Cooper visits a tent city in the Seattle area and hears from some of America’s more than 500,000 homeless people.
CBS News: “Rent is Obscene Here”: The Issues Forcing People in Seattle Onto the Street Read More »
The biggest metropolitan areas are now the most unequal.
The New York Times: Watch 4 Decades Of Inequality Drive American Cities Apart Read More »
Strict checks introduced by lenders after the financial crisis mean that 140,000 people cannot remortgage on to a lower rate
The Times: Living Life As A Mortgage Prisoner Read More »
In the 20th century, California’s Black farmworkers settled in waterless colonies. The history endures underground, through old pipes, dry wells and shoddy septic tanks.
The New York Times: How Racism Ripples Through Rural California’s Pipes Read More »
A nonprofit student loan group alleges that the Consumer Financial Protection Bureau has abandoned its duty to police widespread mismanagement of a loan forgiveness program for public service workers.
NPR: Consumer Agency Failed To Protect Student Loan Borrowers, Lawsuit Says Read More »
There are still racist individuals. They still act in racist ways. And in the aggregate, their actions still work to disadvantage entire groups on the basis of race.
The New York Times: Racism Right Before Our Eyes Read More »
