Only the richest Americans can recover from the financial toll that long-term care — the eldercare assistance that Medicare doesn’t cover — exacts on over half of older Americans. #inequality @rooseveltinstitute.org rooseveltinstitute.org/publications...

Over half of Americans will need long-term care. But while median household income for those 65+ is ~$57k, nursing home care can cost more than $115k annually. The math doesn’t add up.

Important new brief from @rooseveltinstitute.org out today from Jessica Forden on the impact of the US’s lack of a public long-term care system on low- and middle-income families. The need for long term care is simply a part of life, and a perfect example of something that should be a public good.

NEW 🗞️: While headlines claim millennials will be the wealthiest generation ever, a silent crisis is draining that inheritance before it ever reaches them: the skyrocketing cost of long-term care. 🧵 rooseveltinstitute.org/publications...

The Labor Department just proposed a rule that would make it harder to hold 401(k) managers accountable for risky bets in crypto, private credit, and other volatile assets. This would open the door to an industry the president’s family profits from while leaving everyday retirees at greater risk.

The long-lobbied-for change in regs that allowed institutional investors to put money into riskier stuff in 1980 supercharged modern venture capital and private equity. Giving the engines of financialization more capital is…trouble.

If you're worried about this displacing too much parenting time, note that 70% of weekly hours are uncovered. In America, the average 3-4 year old is in their parents' care about 89% of their time.

ICYMI: our top stories this week ⬇️ ✅How long-term care costs drive structural inequality ✅CEO @elizabethwwilkins.bsky.social on OpenAI: "Power doesn't yield on its own." ✅ @resnikoff.bsky.social on a little-known ROAD to Housing Act provision More in our #RooseveltRundown: https://bit.ly/48DYAEm

Mayor @zohrankmamdani.bsky.social's move to expand 2K childcare to full-day, full-year care addresses a core mismatch: school schedules vs working parents’ lives. For too long, families have been forced into a patchwork of aftercare and summer coverage to make the workday work.

How Long-Term Care Costs Drain the Middle Class and Deepen Intergenerational Wealth Inequality rooseveltinstitute.org/publications...

Great new piece from Jess Forden. I think a lot about how a majority of older Americans think Medicare covers long term care. We are not ready.

On #LocalNewsDay, a reminder that strong local journalism is essential for a healthy democracy. Decades of policies favoring profit have hollowed out newsrooms, closed papers, and left communities underinformed. Rebuilding local newsrooms is critical.

The Labor Department just proposed a rule that would make it harder to hold 401(k) managers accountable for risky bets in crypto, private credit, and other volatile assets. This would open the door to an industry the president’s family profits from while leaving everyday retirees at greater risk.

NEW 🗞️: While headlines claim millennials will be the wealthiest generation ever, a silent crisis is draining that inheritance before it ever reaches them: the skyrocketing cost of long-term care. 🧵 rooseveltinstitute.org/publications...

NEW from @resnikoff.bsky.social: the 21st Century ROAD to Housing Act has sparked debate, but one lesser-known provision could make a real difference for communities. Cities adopting preapproved designs can speed approvals, lower costs, and get more homes built.

The Biden administration passed some of the most progressive reforms since FDR—from full-employment stimulus to the Child Tax Credit and industrial policy. But even effective policies can fail politically if they’re temporary or invisible. Lasting gains require connecting policy to workers’ lives.

What does it take for government to deliver for working people? Our CEO @elizabethwwilkins.bsky.social writes for @ippr.org that clearing a few bureaucratic hurdles won’t be enough. A fair economy depends on government addressing corporate power and giving people a direct stake in policymaking.

A reminder from our CEO @elizabethwwilkins.bsky.social: “In a democratic, inclusive, and prosperous society, tax policy should be doing at least three things at once”: 1️⃣ Provide the revenue to fund public goods 2️⃣ Prevent extreme concentration of wealth 3️⃣ Foster a sense of shared national purpose

New @suzmkahn.bsky.social 🚨

This piece from @noamscheiber.bsky.social gets at a deeper frustration in this economy. Young people were told that college would be a path to stability. Reality? Too many ended up with debt, housing costs out of reach, and a labor market that no longer lives up to that expectation. 🧵

In NYC, lobbyists are taking a backseat as leaders hear directly from renters and workers—and use those stories to crack down on corporate abuse. Our CEO @elizabethwwilkins.bsky.social spoke with @hellodcwp.bsky.social Commissioner Samuel Levine on flipping who government listens to.

For a public option to be effective, it has to meet three standards: 1️⃣ Access: Reliable and easy for everyone to use. 2️⃣ Value: Building what we actually need. 3️⃣ Accountability: Answerable to the people, not shareholders.

How do we build trust in government and produce things we most need? @suzmkahn.bsky.social's new report outlines a tool kit for the modern era: ✅ Public Insurance ✅ Direct Provision ✅ Public Utilities We can choose the right tool for the job.

Our democracy is at a crossroads, and the old policy playbook—tax credits, privatization, vouchers—is failing us. It’s like using a hammer to drive a screw. To build a #GoodLife for all Americans, we need more than market-focused fixes. We need public goods and services. 🧵

The U.S.’s privatized, patchwork childcare system isn’t inevitable. It’s the result of political choices, rooted in austerity and fiscal conservatism, dating back to the 1970s. More from our Fellow @jessicacalarco.com ⬇️

#ICYMI: Our top stories of the week ✅ @elizabethwwilkins.bsky.social interviews @saalevine.bsky.social about responsive gov't ✅ Public options are key to a democratic economy ✅ “Liberation Day” reveals the risks of inflationary tariff policy More in the #RooseveltRundown ⬇️ https://bit.ly/4crCibe

Building a robust social safety net, including public childcare, requires universality and free access at the point of use. We must move beyond what @lukef.bsky.social calls the “neoliberal obsession with complex and federated means-testing that creates the opportunity for corporate capture.”

The U.S.’s privatized, patchwork childcare system isn’t inevitable. It’s the result of political choices, rooted in austerity and fiscal conservatism, dating back to the 1970s. More from our Fellow @jessicacalarco.com ⬇️

Thrilled to have this paper out in the world. We can't restore democracy without restoring faith in its ability to deliver for people. Public options are part of the toolkit we need to do that.

We can remember at least one time when the United States did take care of daycare; it was during a time of war. 🤔 #FDR

Our democracy is at a crossroads, and the old policy playbook—tax credits, privatization, vouchers—is failing us. It’s like using a hammer to drive a screw. To build a #GoodLife for all Americans, we need more than market-focused fixes. We need public goods and services. 🧵

"Even Franklin D. Roosevelt, who confronted a Supreme Court dead set against his New Deal, disguised his court-packing plan in the language of improving efficiency, whereas Trump all but brazenly admitted his attacks were retaliatory." inthesetimes.com/article/trum...

Tomorrow marks one year since this administration’s tariff frenzy began. What started with declaring trade “emergencies” culminated in the Supreme Court striking down the tariffs as unconstitutional. All the while, families paid the price and manufacturers got no real path to reshoring jobs ⬇️

In NYC, lobbyists are taking a backseat as leaders hear directly from renters and workers—and use those stories to crack down on corporate abuse. Our CEO @elizabethwwilkins.bsky.social spoke with @hellodcwp.bsky.social Commissioner Samuel Levine on flipping who government listens to.

Our Director of Corporate Power and Financial Regulation @bradlipton.bsky.social on why tying the housing market to the value of crypto assets will do more harm than good 🧵

Last week, minutes before the President announced a pause on Iran strikes, traders made huge bets on oil and stock futures and reportedly pocketed tens of millions. If insiders act on private information, that’s not only cause for legal concern but proof markets are tilted against everyone else.

This piece from @noamscheiber.bsky.social gets at a deeper frustration in this economy. Young people were told that college would be a path to stability. Reality? Too many ended up with debt, housing costs out of reach, and a labor market that no longer lives up to that expectation. 🧵

A great post on tax policy from Roosevelt pres @elizabethwwilkins.bsky.social rooseveltinstitute.org/blog/beyond-...

A Senate inquiry launched yesterday will examine the largest for-profit childcare chains and their private equity owners. PE-backed care has consistently meant higher costs for families and lower wages for workers. Care should be a public responsibility, not a tradable asset for investors.

Recent Senate proposals for middle-class tax cuts respond to real pain. But as our CEO @elizabethwwilkins.bsky.social writes, they “don’t fundamentally interrupt wealth concentration or provide long-term relief.” We can’t hollow out our tax base if we want to fund robust, lasting public goods.

Your grocery bill should not be based on the personal data companies collect about you. Large retailers claim digital price labels reduce costs, but they can also enable surveillance pricing that charges people more.

CRFB is searching for Social Security solvency in the wrong place. The problem isn’t retirees getting too much—it’s unchecked income inequality starving the system of revenue. Capping benefits isn’t reform; it’s a distraction from the real solution.

Every new media merger gets sold as a win for jobs, audiences, and journalism. What follows instead is layoffs, debt, and a weaker press. That’s not a bug, it’s the system decades of market-first media policy has created. 🎯 from @karlbode.com—and more from us on our nation's journalism crisis ⬇️

#ICYMI: Our top stories of the week ✅ Our tax code is the foundation of democratic governance ✅ The DPA should be used for clean energy abundance ✅ A bleak future of AI gig work More in the #RooseveltRundown ⬇️

I whole-heartedly endorse this piece by our president, @elizabethwwilkins.bsky.social Chock full of @jdcmedlock.bsky.social thought if I do say so myself rooseveltinstitute.org/blog/beyond-...

NEW from @mikemadowitz.bsky.social: many expect a healthy March jobs report, but inflation could tell a different story. In February, energy costs actually kept overall inflation in check. Now, gas prices are up 33% in one month. “Rarely has it been easier to predict the abrupt end of a trend.” ⬇️

Rapid AI investment adds serious risk to an economy exposed to global supply-chain and geopolitical shocks. “There’s reason to think we’re seeing some of the same 2008 dynamics now,” says @bradlipton.bsky.social. Working families shouldn’t have to socialize the losses of another financial crisis.

Every new media merger gets sold as a win for jobs, audiences, and journalism. What follows instead is layoffs, debt, and a weaker press. That’s not a bug, it’s the system decades of market-first media policy has created. 🎯 from @karlbode.com—and more from us on our nation's journalism crisis ⬇️

#EqualPayDay is a reminder that the gender wage gap is not an accident. It is a policy choice, embedded in the rules of our economy. More than a century ago, Eleanor Roosevelt was already advocating for “equal pay for equal work.” That fight continues today. time.com/4295760/elea...

In a moment where it’s so clear that so much is broken, we have to get down to the studs on what our public institutions and policy are for. That’s true for taxes. This is a shared social project to fund our public goods, create broad social insurance, and rebalance power in our economy.