Asset Building Program

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Critics: Credit Checks Perpetuate Discrimination | The Philadelphia Tribune

May 12, 2013

“People of color are more likely to have ‘poor credit’ because of historical and contemporary forms of discrimination that limit opportunities,” argues Hannah Emple, a policy analyst with the New America Foundation’s Asset Building Program. “A low credit score thus becomes more of a proxy for a person’s experience with discriminatory structures rather than a measure of their ability to repay loans in a responsible and timely manner.”

Original article

NEW REPORT: California's Innovative Response to the U.S. Retirement Security Crisis

April 28, 2013

Washington, DC —  The New America Foundation’s Asset Building Program released a new report today that analyzes an innovative response to the looming U.S. retirement savings crisis – the California Secure Choice Retirement Savings Program, the nation’s first system to provide accounts for all private sector workers even if their employers choose not to offer one.

RELEASE: On Tax Day, Letter to Congress Urges Tax Reform

April 15, 2013

Washington, DC — Today, on Tax Day, the New America Foundation's Asset Building Program sent a letter to the House Ways and Means Tax Reform Working Group on Pensions/Retirement, outlining the need for tax reform to create the means which support all Americans as they strive to achieve financial security.

RELEASE: President's Budget an Opportunity to Fix Windfall for the Wealthy

April 10, 2013

Washington, DC — Today, President Obama released his budget request for fiscal year 2014. Under the White House proposal, the United States is poised to spend $521 billion supporting wealth development — including home ownership, retirement security, and savings — through regressive tax subsidies that primarily accrue to those who are already wealthy, according to analysis by New America's Asset Building Program.

The Asset Building Program's analysis of the president's budget request finds that the federal government will allocate through the tax code:

The Disappearance of the Black American Dream | Ebony

April 1, 2013

"One of the silver linings of the crisis is we have the opportunity to make some changes..."

-Justin King, Federal Policy Liaison, New America Foundation

Original article

A Fairer Tax System | The Toledo Blade

March 30, 2013

In Ohio, a state credit set at 20 percent of the federal credit would create an average benefit of $446, said David Rothstein of Policy Matters Ohio. That would cost the state $360 million a year, or 2 percent of the state budget.

Original article

Pittsburgh-Area School Offers Incentives to Save for College | Pittsburgh Post-Gazette

March 27, 2013

William Elliott III, assistant professor in the School of Social Welfare at the University of Kansas, found that of high school students who expect to go to college, those with a custodial savings account in their name were six times more likely to actually attend.

Original article

Payday Lenders Use Loopholes to Maintain High Loan Rates | Vindy.com

March 22, 2013

“The reason payday lending still exists is because the lenders are using lending statutes that were not meant for short-term, high-cost lending,” said David Rothstein from Policy Matters Ohio, a nonpartisan policy research organization that focuses on economic issues facing low- and middle- income workers.

Original article

How Much Does Race Still Matter?

March 11, 2013

Hannah Emple, Policy analyst from the New America Foundation in Washington DC and author of “Bad To Worse, America’s Racial Wealth Gap” and Mark Potok, Senior fellow and editor of the “Intelligence Report” from the Southern Poverty Law Center will join the conversation this week. ...

Original Article

Local Agencies Aim to Teach ‘True Financial Stability’

March 11, 2013

...Financial education is a good thing, but that alone is not enough to lift people from poverty, said David Rothstein, project director of asset building for Policy Matters Ohio, a nonpartisan policy research organization ...

Original Article

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