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September 20, 2024
Don’t Believe the Doomsayers. The American Dream Is Still In Reach for Young People
The American dream is still alive and can be achieved in just one generation, even among the most economically disadvantaged young people. That finding is among the most promising takeaways from new research produced by Harvard University’s Raj Chetty and his collaborators. These analysts studied economic outcomes for 57 million children born between 1978 and 1992, whose…
September 17, 2024
The Future of Work
Since Generation Z has begun entering the workforce, debates swirl around whether young Americans are working too much or not enough. Following Scott Winship’s article in Fusion, Young Voices and Fusion Magazine will host a discussion Tuesday, September 17th to tease out the nuances and future possibilities of what work could—or should—look like for young…
September 17, 2024
The Blue State Family Exodus: Families Are Migrating to Red and Purple States
You would think that Minnesota is a mecca for families, judging by the adulatory press coverage that Democratic Gov. Tim Walz’s family policy record in the state has received from liberal professors and pundits. Celebrating the vice presidential nominee’s moves to expand the child tax credit for poor families, advance paid family leave, and provide…
September 17, 2024
Back to School: Shedding Light on Risks and Harm in the Private Student Lending and Servicing Market
At present there are more than 1.74 trillion dollars in student loans outstanding in the US economy. This is a massive amount of money that represents serious liabilities for millions of borrowers across the United States who are grappling with the process of repayment. This massive amount of outstanding debt also represents a tremendous liability…
September 11, 2024
Doing Right by Kids: A Book Event
Event Summary On September 11, AEI’s Scott Winship gathered distinguished experts to launch the new edited volume Doing Right by Kids: Leveraging Social Capital and Innovation to Increase Opportunity, a call to increase opportunity and upward mobility for children from poor families. The first panel focused on the importance of place. Panelists discussed how to contextualize…
September 11, 2024
As America’s housing crisis intensifies, the American Housing and Economic Mobility Act of 2024 has emerged as a high-profile yet expensive solution.
The bill comes with a $500 billion price tag and endorsements from leading Democrats, including Vice President Kamala Harris. Moody’s, a major financial services company, has also blessed the act, predicting it will lower rents and significantly boost the supply of affordable housing. But before the country embraces this rosy outlook, it must confront a stark reality: Government interventions in housing…
September 10, 2024
America is Still Working
Sometimes it seems like Americans can’t decide whether we work too much or too little. We hear that because of rising inequality and a lack of good jobs, workers must toil too many hours at wages too low to support a family. By other accounts, the machines— if not robot overlords, then at least their…
September 10, 2024
Event: New Census Data on American Families’ Economic Well-Being
Event Summary On September 10, AEI’s Center on Opportunity and Social Mobility gathered leading experts to analyze the new poverty and economic numbers from the US Census Bureau for 2023. AEI’s Kevin Corinth began by summarizing the data’s main findings. Median household income rose, and the official poverty measure (OPM) showed that poverty declined while…
September 5, 2024
Hurt Pennsylvania’s Workers to Win Pennsylvania’s Votes?
Have populist politics gotten so out of control that politicians believe they need to hurt Pennsylvania’s workers in order to win Pennsylvania’s electoral votes? Yesterday, the Washington Post reported: President Joe Biden is preparing to announce that he will formally block Nippon Steel’s proposed $14.9 billion acquisition of U.S. Steel, according to three people with knowledge of the…
September 4, 2024
Kamala Harris’s Housing Plan Would Be Worse Than Doing Nothing
Originally appeared in Newsweek On August 16, presidential candidate Kamala Harris unveiled a series of housing proposals that recycle the same failed strategies that have plagued federal housing policy for decades. Among the key components are subsidies for the construction of 3 million new housing units over four years, as well as a total of $100 billion…