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Archives: Progressive Economics

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6 Stories That Show Why Student Loan Borrowers Need Protection

Education Secretary Betsy DeVos recently decided to roll back rules designed to help students who have been defrauded by their colleges. While scammed students have continued to request relief processing, no new loan discharges have been approved since January 20. Some borrowers have been waiting ...

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Who Are America’s Millennial Homeowners?

Homeownership may not be the rite of passage it once was for young adults: according to a report by the Pew Research Center, 2016 saw the lowest level of young homeowners in over 40 years. The same report says that 81 percent of adults think buying a home is the best long-term investment in the ...

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Young Money: Youth Unemployment Falls To Lowest Rate In A Decade But Participation Remains Low In May

While young people across the country finished up the school year and began to look for summer or permanent work in May, the Trump administration worked to reverse several policies that help ensure young workers’ success. The Trump budget, for instance, would cut funding for workplace development ...

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Seven Reasons Borrowers Want Sec. DeVos to Fire, Not Hire Navient

Navient, which two states and the Consumer Financial Protection Bureau (CFPB) recently sued, holds loans for one in four student loan borrowers while maintaining a notorious record for cheating students at every stage of repayment. The Department of Education should act in the interest of borrowers ...

IDEAS

#HandsOff Higher Ed: How The Trump-DeVos Education Budget Would Hurt Student Loan Borrowers

On Tuesday, May 22, President Trump announced his full budget. While he ran on a campaign bolstered by claims of populism and restoring power to the people, his budget does just the opposite: it cuts taxes for the wealthy while slashing foundational programs for low- and middle-income Americans. ...

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The Word

Every other week, we deliver Young Money, a newsletter on young people and economics that you’ll actually want to read, to your inbox. In it, we include personal finance tips–The Word–from experts on subjects that are actually relevant to you. You can find the most recent edition ...

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Young Resisters: Five Minutes With Local Business Owner And Activist Brittany Carmelle

This interview is part of an ongoing series profiling young resisters taking actions in their communities and sharing their ideas for countering “protest fatigue” with sustainable ways to keep resisting the Trump agenda for the long-haul. Brittany Carmelle is a 30-year-old activist and CEO of ...

IDEAS

Young Money: In April, Youth Unemployment And Labor Force Participation Remain Low

In April, the economy added 211,000 jobs and the national unemployment rate fell to 4.4 percent—its lowest rate since 2007. The youth unemployment rate, which measures Americans 16 to 24, ticked slightly upward in April, to 9.4 percent from 9.1 percent in March.

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Young Money: Youth Unemployment Rate Falls Across The Board

In March, the economy added 98,000 jobs and the national unemployment rate fell to 4.5 percent, down from 4.7 percent in February. The youth unemployment rate, which tracks young Americans aged 16 to 24, fell even steeper, from 9.9 percent in February to 9.1 percent in March—its lowest rate in ...

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Five Reasons You Should Be Scared Of Jerry Falwell Jr., Trump’s Pick To Lead His Higher Education Task Force

In January, Donald Trump appointed Jerry Falwell Jr. to lead a new higher education task force put in place to roll back federal regulation over higher education. Many of these regulations were created by the Obama Administration to protect students from fraud, ensure high graduation rates, and ...

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Taxes And Chill

We all know taxes can be, well, pretty taxing. So this guide’s for you–the young, tech savvy, digital native who knows five different ways to order pizza without leaving the couch, but doesn’t know where or how to begin filing their taxes.

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Young Money: Youth Unemployment Rate Falls To Single Digits For First Time Since 2007

Though February marked the first full month of President Trump’s administration, the jobs numbers released today are still largely reflective of President Obama’s economic policies and legacy. In February, employers added 235,000 jobs to their rosters and the national unemployment rate fell to ...

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Millennials Need A Supreme Court Nominee That Works For Our Generation

Alongside many other extreme acts in the first days of his presidency, such as enacting an unconstitutional Muslim ban, President Trump has nominated the hyper-conservative Neil Gorsuch to fill the vacancy on the nation’s highest court.

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Who Said It: A Character From Mad Men Or Trump’s Labor Secretary Pick, Andrew Puzder?

The 1960s called... they want Trump's cabinet back.

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Young Money: In Last Month Of Obama’s Presidency, Economy Adds 227,000 Jobs

In January, the last month with data reflective of President Obama’s economic policies, the economy added 227,000 jobs and the unemployment rate rose ever so slightly, to 4.8 percent. The youth unemployment rate, which measures 16- to 24-year-olds, rose by 0.1 percentage points to 10.1 percent. ...

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