Workers are earning more. But more than half of those income gains are being swallowed by debt.
For the typical worker, 52¢ of every $1 of income growth went to debt payments.
A raise isn’t the same as more money to live on. But why?
Thanks to Trump, this Halloween is frightening for all the wrong reasons.
Spooky season should be about candy and decorations – not scary price hikes.
But candy favorites will cost more than 15% more than last year, in new analysis from us and @TCFdotorg.
ICYMI: Halloween candy prices are up 15% from last year, 4x the rate of overall inflation.
Our new report w/ @Groundwork finds that major candy makers are keeping prices high while families are increasingly turning to debt to get by.
Read more in @ScrippsNews: https://t.co/MEniZ4vTbM
NEW from us and @TCFdotorg: Americans hoping not to break the bank when preparing for Halloween this year have few options.
Halloween candy prices are up 15.3% – a staggering 4x overall inflation. @scrippsnews with the exclusive 👇
https://t.co/oQOwaNZGj7
It's not just ghouls and ghosts out there.
40% of households with young children plan to take on debt in order to cover this year’s Halloween costs.
New analysis from us & @TCFdotorg found Halloween candy prices are up 15% this year compared to last.
Meet Tonantzin Carmona!
As our new Director of Economic Policy, she’ll be focusing on policies that expand economic opportunity and strengthen economic security. We’re thrilled to have her lead our economic policy agenda, with her extraordinary expertise and a deep commitment to building an economy that works for working people. Join us in welcoming her, and stay tuned for more.
Today is Disabled Women’s Equal Pay Day.
Did you know that disabled women workers are typically paid 56 cents for every dollar paid to nondisabled men?
At TCF, we're working on developing the policies we need to ensure disability and poverty no longer go hand in hand— to make economic justice a reality for disabled people in the United States: https://t.co/vdeyTpuPoV
The scariest thing Americans face this Halloween won’t be a haunted house, but the price tags in the candy aisle.
🚨NEW: We and @TCFdotorg found Halloween candy prices are up 15.3% – a staggering 4x overall inflation.
👻 The scariest thing about Halloween this year might be the price of candy.
Our new report w/ @Groundwork shows candy prices are up 15.3%, 4x faster than overall inflation, and 40% of parents with kids under 18 plan to take on debt for Halloween costs: https://t.co/CRXOEKmT6T
Today is Disabled Women's Equal Pay Day!
Too many disabled women are forced to live in poverty by asset limits and work requirements that restrict access to lifesaving programs like Medicaid, home health care, and SNAP. #DWEPD#MoreWithLess
We were featured on @CNBC!
Their segment, "Squawk Box," featured TCF’s research on how debt payments are eating into workers’ income gains.
Watch here: https://t.co/b5cTw8scd4
Workers and consumers are one in the same, yet current law doesn't offer the same protections - and it's corporations that benefit from the false distinction. The aptly-named POWER Act, introduced by Councilman Harvey Epstein and supported by @NYCMayor, would help rebalance power
NEW: Debt is taking a bigger bite out of Americans’ paychecks.
In @washingtonpost, TCF’s @AngelaHanks explains how rising debt payments deepen existing wealth inequality, drawing on our Half of Every Dollar report with @BorrowerJustice.
Read more: https://t.co/nlY1dIzHRL
Read more about how the POWER Act would protect consumers AND build worker power, from @TerriGerstein and @TCFdotorg's Lorelei Salas https://t.co/RO9ts3GQ6T
Meet Kyle Moore: TCF’s new Chief Economist!
Kyle brings his expertise in economic inequality, race, and corporate power, with a strong focus on the structural forces shaping workers’ and families’ lives.
Get to know Kyle and learn more about his work:
A pay raise should help you get ahead. But what happens when debt payments eat up your gains?
NEW: The @washingtonpost reports on our research with @BorrowerJustice, which found that debt payments have risen 8x faster than real take-home pay since 2022: https://t.co/HcLO9fSk1s
Congratulations to Vanderbilt Policy Accelerator on launching its new AI Governance Project!
As AI adoption accelerates, rigorous policy research is essential. TCF polling found that 77% of voters want clear government rules and standards for how schools use new technologies, including AI.
I’m excited to announce the Vanderbilt Policy Accelerator is launching the AI Governance Project, led by VPA’s @asad09! For a few years, VPA has been working on AI policy, but at this critical moment, we’re now expanding our efforts. 1/3
This spring, @TCFdotorg and @BorrowerJustice launched Affordable NYC Now with a slate of proposals to reduce costs for New Yorkers. This week, @NYCMayor introduced legislation to make one of those proposals real, and TCF fellow Lorelei Salas spoke at yesterday’s City Hall presser