Education
Gen Z Is Poised to Spend More on Debt Than Others. It Could Derail Retirement.
Young adults face mounting credit challenges
The Fair Isaac Corporation created the most commonly used credit scoring model in the country. The three-digit FICO score, which has a range from 300 at the low end to 850 at the high end, is a weighted composite of a borrower’s credit risk — that is, the likelihood that they will fail to pay back what they borrow. The scoring model includes five types of data: The most important is payment history, which amounts to more than one-third of the score, followed by the amounts owed, length of credit history, new credit and the mix of different types of credit.
While these conditions aren’t age-specific, Gen Z is at a distinct disadvantage because 15 percent of a credit score is derived from the length of a borrower’s credit history. The average credit score for adults 25 and younger is 679, compared with 714 for all Americans, according to the credit reporting bureau TransUnion. On a scale that ranges from 300 to 850, 679 is high enough to qualify someone for many loan types, including conventional mortgages, but it’s not good enough to get the best interest rates.
Young adults who are Black and Latino face even greater challenges. The Urban Institute, a think tank, found that young adults between ages 21 and 24 who live in communities that are predominantly Black have average credit scores of 597, which sharply limits their opportunities to borrow — and improve those scores.
Margaret Libby, the founder and chief executive of MyPath, a nonprofit promoting economic mobility, said that some common credit-building recommendations for young people, such as being added as an authorized user on a parent’s credit card, were less accessible for young adults of color as well as those in lower-income communities. “It’s an equity issue, it’s a real equity issue in this space,” she said.
For young adults with little credit history, other attributes of their credit score take on outsized importance. “This is one of the categories where what a young consumer can best do in this category is building their credit and building their credit history,” said Ethan Dornhelm, the vice president of scores and predictive analytics at FICO.
Education
How Counterprotesters at U.C.L.A. Provoked Violence, Unchecked for Hours
A satellite image of the UCLA campus.
On Tuesday night, violence erupted at an encampment that pro-Palestinian protesters had set up on April 25.
The image is annotated to show the extent of the pro-Palestinian encampment, which takes up the width of the plaza between Powell Library and Royce Hall.
The clashes began after counterprotesters tried to dismantle the encampment’s barricade. Pro-Palestinian protesters rushed to rebuild it, and violence ensued.
Arrows denote pro-Israeli counterprotesters moving towards the barricade at the edge of the encampment. Arrows show pro-Palestinian counterprotesters moving up against the same barricade.
Police arrived hours later, but they did not intervene immediately.
An arrow denotes police arriving from the same direction as the counterprotesters and moving towards the barricade.
A New York Times examination of more than 100 videos from clashes at the University of California, Los Angeles, found that violence ebbed and flowed for nearly five hours, mostly with little or no police intervention. The violence had been instigated by dozens of people who are seen in videos counterprotesting the encampment.
The videos showed counterprotesters attacking students in the pro-Palestinian encampment for several hours, including beating them with sticks, using chemical sprays and launching fireworks as weapons. As of Friday, no arrests had been made in connection with the attack.
To build a timeline of the events that night, The Times analyzed two livestreams, along with social media videos captured by journalists and witnesses.
The melee began when a group of counterprotesters started tearing away metal barriers that had been in place to cordon off pro-Palestinian protesters. Hours earlier, U.C.L.A. officials had declared the encampment illegal.
Security personnel hired by the university are seen in yellow vests standing to the side throughout the incident. A university spokesperson declined to comment on the security staff’s response.
It is not clear how the counterprotest was organized or what allegiances people committing the violence had. The videos show many of the counterprotesters were wearing pro-Israel slogans on their clothing. Some counterprotesters blared music, including Israel’s national anthem, a Hebrew children’s song and “Harbu Darbu,” an Israeli song about the Israel Defense Forces’ campaign in Gaza.
As counterprotesters tossed away metal barricades, one of them was seen trying to strike a person near the encampment, and another threw a piece of wood into it — some of the first signs of violence.
Attacks on the encampment continued for nearly three hours before police arrived.
Counterprotesters shot fireworks toward the encampment at least six times, according to videos analyzed by The Times. One of them went off inside, causing protesters to scream. Another exploded at the edge of the encampment. One was thrown in the direction of a group of protesters who were carrying an injured person out of the encampment.
Some counterprotesters sprayed chemicals both into the encampment and directly at people’s faces.
At times, counterprotesters swarmed individuals — sometimes a group descended on a single person. They could be seen punching, kicking and attacking people with makeshift weapons, including sticks, traffic cones and wooden boards.
In one video, protesters sheltering inside the encampment can be heard yelling, “Do not engage! Hold the line!”
In some instances, protesters in the encampment are seen fighting back, using chemical spray on counterprotesters trying to tear down barricades or swiping at them with sticks.
Except for a brief attempt to capture a loudspeaker used by counterprotesters, and water bottles being tossed out of the encampment, none of the videos analyzed by The Times show any clear instance of encampment protesters initiating confrontations with counterprotesters beyond defending the barricades.
Shortly before 1 a.m. — more than two hours after the violence erupted — a spokesperson with the mayor’s office posted a statement that said U.C.L.A officials had called the Los Angeles Police Department for help and they were responding “immediately.”
Officers from a separate law enforcement agency — the California Highway Patrol — began assembling nearby, at about 1:45 a.m. Riot police with the L.A.P.D. joined them a few minutes later. Counterprotesters applauded their arrival, chanting “U.S.A., U.S.A., U.S.A.!”
Just four minutes after the officers arrived, counterprotesters attacked a man standing dozens of feet from the officers.
Twenty minutes after police arrive, a video shows a counterprotester spraying a chemical toward the encampment during a scuffle over a metal barricade. Another counterprotester can be seen punching someone in the head near the encampment after swinging a plank at barricades.
Fifteen minutes later, while those in the encampment chanted “Free, free Palestine,” counterprotesters organized a rush toward the barricades. During the rush, a counterprotester pulls away a metal barricade from a woman, yelling “You stand no chance, old lady.”
Throughout the intermittent violence, officers were captured on video standing about 300 feet away from the area for roughly an hour, without stepping in.
It was not until 2:42 a.m. that officers began to move toward the encampment, after which counterprotesters dispersed and the night’s violence between the two camps mostly subsided.
The L.A.P.D. and the California Highway Patrol did not answer questions from The Times about their responses on Tuesday night, deferring to U.C.L.A.
While declining to answer specific questions, a university spokesperson provided a statement to The Times from Mary Osako, U.C.L.A.’s vice chancellor of strategic communications: “We are carefully examining our security processes from that night and are grateful to U.C. President Michael Drake for also calling for an investigation. We are grateful that the fire department and medical personnel were on the scene that night.”
L.A.P.D. officers were seen putting on protective gear and walking toward the barricade around 2:50 a.m. They stood in between the encampment and the counterprotest group, and the counterprotesters began dispersing.
While police continued to stand outside the encampment, a video filmed at 3:32 a.m. shows a man who was walking away from the scene being attacked by a counterprotester, then dragged and pummeled by others. An editor at the U.C.L.A. student newspaper, the Daily Bruin, told The Times the man was a journalist at the paper, and that they were walking with other student journalists who had been covering the violence. The editor said she had also been punched and sprayed in the eyes with a chemical.
On Wednesday, U.C.L.A.’s chancellor, Gene Block, issued a statement calling the actions by “instigators” who attacked the encampment unacceptable. A spokesperson for California Gov. Gavin Newsom criticized campus law enforcement’s delayed response and said it demands answers.
Los Angeles Jewish and Muslim organizations also condemned the attacks. Hussam Ayloush, the director of the Greater Los Angeles Area office of the Council on American-Islamic Relations, called on the California attorney general to investigate the lack of police response. The Jewish Federation Los Angeles blamed U.C.L.A. officials for creating an unsafe environment over months and said the officials had “been systemically slow to respond when law enforcement is desperately needed.”
Fifteen people were reportedly injured in the attack, according to a letter sent by the president of the University of California system to the board of regents.
The night after the attack began, law enforcement warned pro-Palestinian demonstrators to leave the encampment or be arrested. By early Thursday morning, police had dismantled the encampment and arrested more than 200 people from the encampment.
Education
Video: President Biden Addresses Campus Protests
new video loaded: President Biden Addresses Campus Protests
transcript
transcript
President Biden Addresses Campus Protests
President Biden defended the right of demonstrators to protest peacefully, but condemned the “chaos” that has prevailed at many colleges nationwide.
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Violent protest is not protected. Peaceful protest is. It’s against the law when violence occurs. Destroying property is not a peaceful protest. It’s against the law. Vandalism, trespassing, breaking windows, shutting down campuses, forcing the cancellation of classes and graduations — none of this is a peaceful protest. Threatening people, intimidating people, instilling fear in people is not peaceful protest. It’s against the law. Dissent is essential to democracy, but dissent must never lead to disorder or to denying the rights of others, so students can finish the semester and their college education. There’s the right to protest, but not the right to cause chaos. People have the right to get an education, the right to get a degree, the right to walk across the campus safely without fear of being attacked. But let’s be clear about this as well. There should be no place on any campus — no place in America — for antisemitism or threats of violence against Jewish students. There is no place for hate speech or violence of any kind, whether it’s antisemitism, Islamophobia or discrimination against Arab Americans or Palestinian Americans. It’s simply wrong. There’s no place for racism in America.
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Police officers and university administrators have clashed with pro-Palestinian protesters on a growing number of college campuses in recent weeks, arresting students, removing encampments and threatening academic consequences. More than 2,000 people have been arrested or detained on campuses across the country.
The fresh wave of student activism against the war in Gaza was sparked by the arrests of at least 108 protesters at Columbia University on April 18, after administrators appeared before Congress and promised a crackdown. Since then, tensions between protesters, universities and the police have risen, prompting law enforcement to take action in some of America’s largest cities.
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