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BIFYA News | December 2018
Are dockless scooters a burden on urban areas or the next smart transportation innovation?
Catch up on this issue and others in the Talk Policy to Me podcast series...listen now!
Goldman School student Reem Rayef sits down with Brianne Eby, Policy Analyst with the Eno Center for Transportation in DC, and Joe Rodriguez, a reporter covering transportation for the San Francisco Examiner, to talk about a new policy issue born from the intersection of tech and transit policy - dockless scooters in San Francisco and beyond.
Talking Universal Basic Income (UBI) with Goldman Professor Hillary Hoynes
There's a lot of buzz around Universal Basic Income (UBI). What is it and can it really create a more inclusive society? Goldman School student Sarah Edwards speaks with Professor Hilary Hoynes about the strengths and limitations of UBI.
Talking Universal Basic Income (UBI), Part II
Learn about the practical side of UBI in this illuminating conversation with Lori Ospina (MPP '16), Director of the Stockton Economic Empowerment Demonstration (SEED), the country’s first city-led guaranteed income initiative.
Curious about your state's budgeting practices?
The Volcker Alliance released its second annual report comparing state budgeting practices across all 50 U.S. states. The report, Truth and Integrity in State Budgeting: Preventing the Next Fiscal Crisis, grades states on a scale of A to D- across five categories that measure their ability to maintain balanced and sustainable budgets.
As research partners of the Volcker Alliance, researchers at the Berkeley Institute for the Future of Young Americans (BIFYA) tracked California budgeting practices and found that the state is a strong performer in four of five budgeting categories, but continues to be weak in budgeting for legacy costs, specifically, pensions and retiree health care.
Snapshot of millennial net worth
Since 1989, average wealth has increased significantly for the overall population. Yet young people have not shared in these gains: millennials today have a lower net worth than their parents had at the same age.
Net Worth for Young Households Versus All Households
A recent report from the Federal Reserve found that millennials between the ages of 25 and 34 in 2016 had 19.5% less net worth – total assets minus total debt – than baby boomers between the same ages in 1989.
This decline in net worth for young people occurred while the net worth for all households increased from $353.3k in 1989 to $689.5k in 2016 – a growth of 95.2%
Source: Kurz, Christopher, Geng Li, and Daniel J. Vine (2018). “Are Millennials Different?,” Finance and Economics Discussion Series 2018-080. Washington: Board of Governors of the Federal Reserve System.
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