Confronting the true drivers of America's affordability crisis. Advancing bold solutions to lower costs. Policy for people—not powerful interests.
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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?
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The Century Foundation retweeted
Billionaire tech oligarchs are taking control of our financial system at the cost of our democracy. We cannot bail out crypto and AI on the backs of working Americans.
Join the next Game Changers webinar to learn more: bit.ly/GCWebinarLabor
THURSDAY OCT. 8 / 4:30-5:30PM ET
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Today’s jobs report shows a labor market that is grinding to a halt.
As Kyle Moore, our chief economist, told @thedailybeast: “slow hiring and declining real wages leave workers with very little leverage.”
Read more: thedailybeast.com/trump-hit-…
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More than half of states have expanded care and benefits for children, older adults, disabled people & workers.
But federal cuts could make it hard for states to sustain that progress.
Our analysis with @CaringAcrossGen, cited in @Stateline_News: stateline.org/2026/07/31/man…
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The Century Foundation retweeted
For the typical worker, more than half of every dollar of income growth is going right back out the door in debt payments.
This new report from @TCFdotorg and @BorrowerJustice makes it clear: the economy is rigged against working families.
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?
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The Century Foundation retweeted
This new paper from @TCFdotorg shows this clearly - 52 cents of every dollar in real income gains goes to debt service
tcf.org/content/report/half-…
American consumers are struggling right now.
Yes, they're still spending, but the strain is clear.
Personal spending in August: +0.9%
Personal income in August: +0.2%
That's a big gap. People are still spending, but many are dipping into savings (or credit) to do it.
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This past Tuesday, TCF President @jmargetta hosted @SenWarren for a candid conversation with TCF’s partners and allies.
They spoke about the gap between the economic story coming out of Washington and what families are actually experiencing.
Thank you to those who joined us!
ALT Senator Elizabeth Warren and Julie Morgan sit in orange armchairs on stage in front of a Century Foundation backdrop. Morgan laughs and gestures while Warren smiles at her. Audience members' heads are blurred in the foreground.
ALT Attendees sit and stand in a warmly lit rooftop venue with hanging pendant lamps and a bar in the background, watching a program off-camera.
ALT Senator Elizabeth Warren, in a bright blue blazer, speaks into a microphone and gestures with one hand while seated in an orange armchair.
ALT Julie Morgan, president of The Century Foundation, smiles while holding a microphone and notes, seated in an orange armchair in front of a TCF.org backdrop.
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The Century Foundation retweeted
At @TCFdotorg, we've been talking about how Americans are trying to pay this week's high gas prices while ALSO still paying last week's gas prices, in the form of credit card debt. Today, we're releasing research on just how bad that phenomenon is. 1/
tcf.org/content/report/half-…
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The Century Foundation retweeted
.@TCFdotorg and @BorrowerJustice have a new report out today that helps explain some of this. Since the end of 2022, workers have seen $109 in real wage gains, but $57 of that has gone right back out the door as debt payments - that's 52 cents on every additional dollar they earn
Yikes. The Conference Board's Consumer Confidence Index just fell to the lowest level since early 2014.
Yes, confidence is now *worse* than during the 2020 pandemic. That's how worried many Americans are with high gas/diesel prices, spiking borrowing costs and low hiring.
September 2026 = 81.9
April 2020: 85.7
April 2014: 81.7 (remember this was the sluggish recovery from the Great Recession)
"Over the next six months, consumers expected both business conditions and the labor market to weaken."
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The Century Foundation retweeted
New @TCFdotorg & @BorrowerJustice research collab sounding the alarm on how growing household debt is a workers/labor market issue.
tcf.org/content/report/half-…
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The Century Foundation retweeted
The overhang of debt is clawing back workers' gains in the labor market.
We're so excited to roll out new research that finds a whopping **52 cents of every dollar** of real wage gains is going back to debt service.
A barn burner from the @TCFdotorg and @borrowerjustice teams.
At @TCFdotorg, we've been talking about how Americans are trying to pay this week's high gas prices while ALSO still paying last week's gas prices, in the form of credit card debt. Today, we're releasing research on just how bad that phenomenon is. 1/
tcf.org/content/report/half-…
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Debt is a worker power issue. When you can't afford a minute without your paycheck, you can't leave a bad job, negotiate a raise, or take a risk on a better one.
We asked @SenWarren to react to our findings about this debt with @Borrowerjustice 👇
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Read the full report: tcf.org/content/report/half-…
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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?
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55,489
The Century Foundation retweeted
*NEW* research out today from @TCFdotorg Visiting Senior Fellows Janelle Jones, @Edi_Nilaj, @AissaRCanchola and me that adds some new and I think urgent context to understand how workers are experiencing the economy
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The Century Foundation retweeted
American shoppers are fed up—with high prices AND the opaque, manipulative ways that corporate America sets them.
Thrilled to talk with @HeathaT in @guardian on why I wrote “Gouged”—and how a Shoppers’ Bill of Rights can help us fight for a fair price. theguardian.com/us-news/2026…
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Utility bills are becoming unaffordable for millions of families, as rates rise alongside demand from data centers.
Our recent research also found that utility debt is disproportionately burdening Black & Asian households.
Read more in @ConsumerReports: consumerreports.org/data-cen…
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As Americans grapple with rising utility costs, recent analysis from @TCFdotorg & @BorrowerJustice finds that energy bills have risen 3X faster than inflation under Trump.
Read more about what rising costs mean for voters in @guardiannews: theguardian.com/commentisfre…
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Since the Iran war started, wages have been losing ground to prices, according to Kyle Moore, TCF's chief economist.
“The American worker is working harder, productivity is up, wage growth is tepid, prices are continuing to rise,” Moore told @Marketplace: marketplace.org/story/2026/0…
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The Century Foundation retweeted
Thank you to @TCFdotorg for highlighting our work in advocating for compensation for early childhood educators. We cannot deliver universal child care without investing in the workforce.
tcf.org/content/commentary/n…
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