Busting credit myths can help low-income Americans strengthen their financial health

Many Americans don’t understand the system that affects their ability to rent an apartment, weather a medical emergency, or qualify for a mortgage.

71 million US adults have debt in collections

Having debt in collections can lower credit scores, which can have a long-lasting impact on Americans' livelihoods.

Wealth is not just for the wealthy

We’re wealthier now than we’ve ever been — but it’s mainly people at the top who are benefiting.

Reviving SNAP asset limits could backfire on families’ finances

The evidence suggests that asset limits are detrimental to the financial security of low-income Americans.

Women are building more wealth, but racial gaps persist

Closing the racial wealth gap will require targeted policies that help women of color build wealth.

Credit scores perpetuate racial disparities, even in America’s most prosperous cities

Predominantly nonwhite areas in more than 50 of 60 major US cities have below-prime median credit scores.

Tax reform should promote saving among households with less wealth

Tax reform is an opportunity to address wealth inequality, which has grown from both gains at the top and declines at the bottom.

Student loan forgiveness for disabled borrowers comes with a catch

Borrowers who become disabled can have their loans discharged, but they must pay income taxes associated with the amount forgiven.

Past-due medical debt a problem, especially for black Americans

Nearly one in three nonelderly black Americans have past-due medical bills—a concerning number given the consequences for physical and financial health.

Everyone benefits when the financial sector serves people with volatile income

Each year, roughly one in four American families will face an “income shock,” like losing a job or experiencing a sudden health or work limitation.