From Bad to Worse: Senior Economic Insecurity on the Rise

Based on the Senior Financial Stability Index, examines the increase in the number of economically insecure seniors by race/ethnicity, gender, and marital status between 2004 and 2008; contributing factors; and options for reversing the trend

Less Debt, More Equity: Lowering Student Debt While Closing the Black-White Wealth Gap

The dramatic increase in wealth inequality over the past several decades now forms the backdrop for many of today's most pressing public policy debates. Currently, the top 1 percent of U.S. households controls 42 percent of the nation's wealth, and nearly half of the wealth accumulated over the past 30 years has gone to the top 0.1 percent. Simultaneously, the wealth held by the bottom 90 percent of U.S. households continues to shrink, just as people of color are a growing percentage of the U.S. population. These trends have converged to produce a wealth divide that is apparent not just by class, but by race as well. The average white family owns $13 for every$1 owned by a typical Black family, and $10 for every$1 owned by the typical Latino family.This analysis uses the Racial Wealth Audit, a framework developed by the Institute on Assets and Social Policy (IASP) to assess the impact of public policy on the wealth gap between white and Black households. We use the framework to model the impact of various student debt relief policies to identify the approaches most likely to reduce inequities in wealth by race, as opposed to exacerbating existing inequities. We focus specifically on the Black-white wealth gap both because of the historic roots of inequality described above, and because student debt (in the form of borrowing rates and levels) seems to be contributing to wealth disparities between Black and white young adults, in particular

Nishida Kitarō’s Kōiteki Chokkan: Active Intuition and Contemporary Metaethics

I characterize Nishida Kitarō’s metaethical perspective throughout his work but focus especially on his later papers, most notably his writings on kōiteki chokkan, or active intuition. These include Kōiteki Chokkan no Tachiba (published in 1935), Kōiteki Chokkan (published in 1937), as well as Nothingness and the Religious Worldview (Bashoteki Ronri to Shūkyōteki Sekaikan, published in 1945, and widely available in translation). I explore affinities between Nishida’s approach to ethics and metaethical intuitionism and sensibility theory. I then use this analysis to identify a lesson that Nishida offers to contemporary metaethicists

Hard Choices: Navigating the Economic Shock of Unemployment

During the Great Recession of 2007 to 2009, millions of Americans faced severe economic hardship, forcing difficult decisions about how to stabilize their families' financial well-being and prevent downward economic mobility. Americans with savings were forced to weigh immediate needs against long-term investments, choosing whether to deplete personal assets in order to stay afloat. Those without wealth to fall back on were in an even more precarious position, leading them to turn to family assistance, debt, and other public and private supports when available.This study examines how families weather economic shocks through a close focus on one particular event -- the experience of unemployment, with specific attention to differences by race and family income. The analysis used a nationally representative sample of working-age families from the Panel Study of Income Dynamics or PSID, following the same households from 1999 to 2009. To provide greater insight into the challenges and choices families faced, the report also drew on a unique longitudinal data set of in-depth interviews with 51 families that endured one month or more of unemployment between 1998 and 2012