An overdue reckoning is sweeping America. The killings of George Floyd, Breonna Taylor, and countless others have sparked a national conversation on police brutality and mass incarceration. As we grapple with these wounds, we must remember that structural racism damages these same communities every day without any damning videos, and without any guns drawn.
The Anti-Monopoly Fund is thrilled to announce its second round of investments to 14 organizations, including the Georgetown Center on Poverty and Inequality’s Economic Security and Opportunity Initiative, to bolster the ongoing fight against monopoly power in every facet of our economy, democracy, and society.
As we near the end of July, it is clear our overlapping health and economic crises show no sign of abating—in fact, they are on the verge of becoming much worse. Congress and the president now face crucial and urgent choices in averting a depression and creating a recovery that addresses the pain that has been disproportionately exacted on women.
Economic mobility is little more than a myth for most people who grow up in families with low incomes. A child born in poverty in the early 1980s had single-digit chances of having a high income as an adult. If we want to simply raise incomes from one generation to the next, we’re failing. Nearly all Americans born in 1940 had incomes higher than their parents’ by the time they reached the same age, but today, only half of adults born in 1980 make more than their parents did.
The Trump administration has proposed a change in the way the federal government measures poverty. On the surface, this proposal may appear to be an innocuous, technical adjustment. It’s not. Instead, this change would dramatically reduce the number of people who qualify for vital basic assistance programs, including Medicaid, children’s health care and food assistance.