Amy Traub

Amy Traub is Senior Policy Analyst at Demos. She is the author of "The Plastic Safety Net: Findings from the 2012 National Survey on Credit Card Debt of Low- And Middle-Income Households," and "Discrediting America: The Urgent Need To Reform The Nation's Credit Reporting Industry," among other reports and research. 

Recent Articles

What New York’s (Partial) Victory on Paid Sick Days Means

New York Paid Leave Coalition
The news broke last night: a deal to bring paid sick days to a vote in the New York City Council has been reached. As I noted in my recent testimony on the bill , paid sick time is far from a pie-in-the-sky idea. It is the law in 145 countries around the world as well as the state of Connecticut, and the cities of San Francisco, Washington D.C., Seattle, and Portland, Oregon. Based on how this policy has operated in practice, the evidence strongly suggests that this is a successful policy and that it does not harm employment or the growth of small businesses as opponents have argued. The majority of New Yorkers —and indeed the majority of Americans —believe that one shouldn't lose a day's pay (or their job itself) just because they get sick. Every working person should be guaranteed at least a few paid days off a year for illness. My case was based on careful studies from McGill University, the Urban Institute, the Institute for Women’s Policy Research, the Community Service Society...

Low-Wage Workers Say It's Not Getting Better

Flickr/ Walmart Corporate
It’s not getting better. That’s the key finding of a new survey of low-wage workers out yesterday from the Associated Press and NORC Center for Public Affairs Research at the University of Chicago. Eighty-one percent of low-wage employees surveyed said their family’s financial situation was the same or worse than it had been four years ago, while 64 percent reported that their wages have been stagnant or declined over the past five years. The survey queried 1,606 workers earning $35,000 or less annually. According to the survey: Less than half of lower-wage workers agree that their employer offers good benefits (48%) or that they are paid well for their job (32%). Only 30 percent of lower-wage workers report receiving any promotion to a higher position that pays more while working for their current employer. Although the proportion of workers who have received a promotion increases with the length of time the worker has been with their employer, only 41 percent of lower-wage workers...

Equifax Knows Quite a Lot about You

Just when we imagined that credit-reporting firms couldn’t be more invasive and profiteering, NBC News breaks this story : The Equifax credit reporting agency, with the aid of thousands of human resource departments around the country, has assembled what may be the most powerful and thorough private database of Americans’ personal information ever created, containing 190 million employment and salary records covering more than one-third of U.S. adults. Based on data voluntarily provided by thousands of U.S. businesses and public employers (from local public schools to federal agencies) Equifax’s product, The Work Number , includes information many of us would prefer to keep private, from week-by-week paystubs to information on personal “health care providers”—perhaps including the name of your psychiatrist or gynecologist. For employers, The Work Number offers “an easy way to outsource employment verification of former workers” without having to deal with pesky phone calls whenever...

Workers Won! An Election Fly-Around

There’s no question that Tuesday’s elections brought some significant wins for working people. I’m not talking about the candidates—although national political reporters are busy acknowledging Obama’s reelection as a clear sign that “ labor ain’t dead ” and pondering the policy implications of victories for pro-worker politicians like Ohio Senator Sherrod Brown—but rather thinking about the ballot initiatives, where in several votes across the country voters spoke out clearly in favor of raising workplace standards and preserving rights on the job. We can speculate about exactly what candidates will do once in office, but it seems certain that many working people will benefit from higher wages, improved benefits, and a right to a voice at work as a direct result of the following ballot measures: In Albuquerque, New Mexico, 40,000 low-wage workers in will get a pay boost as voters in the city overwhelmingly cast their ballots in favor of an increase in the municipal minimum wage. In...

Your Credit Score Could Be A Fake

Say you want to buy a house or a car and you need a loan to do it. You do what every personal finance site recommends and obtain a free copy of your credit report from . Then, urged on by the ads from TransUnion, Equifax, or Experian—the “big three” credit reporting firms that compile the reports—you opt for not only the free report but also shell out for what the companies promise is your actual three-digit credit score . A number! Now, you may think, I know what the auto lenders and banks making mortgages really think of me. I have a sense of what rates I qualify for and what type of car or home I can afford. There’s just one problem: the score you paid for is likely not the same one potential lenders will use to assess you . In fact, it could be way off. What many consumers don’t realize is that they have no single “credit score”— FICO alone has more than 49 different scoring models . And new research from the Consumer Financial Protection Bureau (CFPB) finds...