Who Borrows for College—and Who Repays? → https://nyfed.org/2nA9kR6
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You can find more information on these topics at https://nyfed.org/2GqJBk1
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Stay tuned for more series and events upcoming on labor market inequalities and debt/credit markets inequalities.
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2/3 of low wage workers are between the ages of 25-54. 1/2 of these were the sole earner or contributing substantial to family income. (44% of American workers) - @MarthaHRoss, @BrookingsInst
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NYC student borrowers owe about $90 billion... the purchasing power of Pell [grants] has been decreasing... students are taking out loans to cover the high cost of living, such as food, rent and metro cards. - Marissa Muñoz, @YoungInvincible #InequalityCausespic.twitter.com/XDTFK1ip0K
[Children from] black high-income families are more likely to grow up to be low-income than [children from] white high-income families... Housing policy is the most concrete mechanism to tackle [short and long term outcomes]. - @dawill333, @OppInsights
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Community colleges are a linchpin of our higher education system... meanwhile they are one of the least-resourced parts of our higher education system. - @MarthaHRoss, @BrookingsInst
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There is a 7% change to live the "raise yourself up by your bootstraps narrative" in America. In Canada, it's almost double that. - @dawill333, @OppInsights
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Young whites own homes at 2x the rates as young black and Latinos. - Marissa Muñoz, @YoungInvincible
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[How optimistic are you young Americans can live the American dream?]
I don't like the odds right now... The big problem I worry about is the question of what kinds are we creating and what are they paying? - @MarthaHRoss, @BrookingsInst
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It's much harder to hide the problem [today]. We can use research and data to push the conversation forward. - @dawill333, @OppInsights
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We need you to be in conversation with us... thank you for coming. - David Erickson, SVP & Head of Outreach & Education
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