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Four Frequent Money Worries - And What To Do About Them
//business-finance.news-articles.net/content/202 .. ent-money-worries-and-what-to-do-about-them.html
Published in Business and Finance on Tuesday, July 29th 2025 at 14:42 GMT by The Messenger🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Nearly 4 in 5 Americans agree the state of their finances is a matter for concern. More precisely, 79% had specific concerns when asked about their "current financial situation"
Supreme Court Rules on Affirmative Action: A Landmark Decision Reshaping College Admissions
In a pivotal ruling that has sent shockwaves through the American education system, the Supreme Court has struck down affirmative action programs at Harvard University and the University of North Carolina, declaring that race-conscious admissions policies violate the Equal Protection Clause of the 14th Amendment. The decision, handed down on Thursday, marks a significant shift in how colleges and universities across the nation approach diversity in their student bodies, potentially altering the landscape of higher education for generations to come.
The cases, brought by the conservative advocacy group Students for Fair Admissions (SFFA), challenged the longstanding practice of considering race as one factor among many in admissions decisions. SFFA argued that such policies discriminated against Asian American and white applicants, favoring Black and Hispanic students in a way that amounted to unconstitutional racial balancing. The Court's conservative majority, in a 6-3 opinion penned by Chief Justice John Roberts, agreed, stating unequivocally that "eliminating racial discrimination means eliminating all of it."
Roberts' opinion emphasized that while the goals of diversity and remedying past discrimination are commendable, the programs at Harvard and UNC were not sufficiently tailored to meet strict scrutiny standards. He criticized the vagueness of how race was factored in, noting that admissions officers often relied on personal essays or recommendations that highlighted racial experiences without clear metrics. "Universities have for too long concluded, wrongly, that the touchstone of an individual's identity is not challenges bested, skills built, or lessons learned, but the color of their skin," Roberts wrote. "Our constitutional history does not tolerate that choice."
The ruling does not outright ban all consideration of race in admissions. Roberts left open the possibility for schools to consider how an applicant's racial background has shaped their life experiences, such as overcoming discrimination, but only if tied to individual merit rather than group identity. This nuance could allow for some flexibility, but experts predict it will lead to a sharp decline in the enrollment of underrepresented minorities at elite institutions.
Dissenting justices, led by Sonia Sotomayor, lambasted the majority for ignoring the persistent effects of systemic racism in America. In a fiery opinion joined by Justices Elena Kagan and Ketanji Brown Jackson (who recused herself from the Harvard case due to her prior ties to the university), Sotomayor argued that the decision "rolls back decades of precedent and progress toward educational diversity." She pointed to the nation's history of slavery, segregation, and ongoing disparities in education and opportunity, asserting that affirmative action has been a vital tool in dismantling barriers. "Today's decision is a tragedy for our democracy," Sotomayor wrote, warning that it would exacerbate inequality and hinder efforts to create a more inclusive society.
Jackson, in a separate dissent, drew on historical analogies, comparing the ruling to past decisions that upheld segregation. She highlighted data showing that without affirmative action, Black enrollment at top schools could plummet by as much as 50%, based on experiences in states like California and Michigan, which banned the practice through voter referendums years ago.
The immediate fallout from the decision has been swift and multifaceted. University presidents across the country, from Ivy League institutions to public flagships, have issued statements pledging to maintain diverse campuses through alternative means. Harvard's president, Claudine Gay, affirmed that the school would "continue to be a vibrant community whose members come from all walks of life," hinting at increased recruitment in underserved areas and expanded financial aid. Similarly, UNC Chancellor Kevin Guskiewicz emphasized holistic admissions processes that consider socioeconomic factors, geographic diversity, and first-generation status as proxies for achieving inclusivity.
Critics of affirmative action, including SFFA founder Edward Blum, hailed the ruling as a victory for meritocracy. Blum, who has spearheaded multiple challenges to race-based policies, stated, "This is a great day for America. Students should be judged on their achievements, not their race." Conservative leaders, such as Senate Minority Leader Mitch McConnell, echoed this sentiment, calling it a step toward a "colorblind" society.
On the other side, civil rights organizations like the NAACP and the ACLU decried the decision as a setback. NAACP President Derrick Johnson described it as "a direct attack on Black and Brown students' access to higher education," vowing to fight through legislation and community organizing. Protests erupted on campuses nationwide, with students at Yale and Princeton staging walkouts and rallies, chanting slogans like "Diversity is our strength" and demanding policy changes to counteract the ruling.
The broader implications extend beyond academia. Economists and sociologists warn that reduced diversity in higher education could perpetuate cycles of inequality, affecting workforce diversity in fields like medicine, law, and technology. A study by the Georgetown University Center on Education and the Workforce estimates that without affirmative action, the representation of Black and Hispanic professionals in high-earning careers could stagnate or decline, widening the racial wealth gap.
Politically, the decision lands in the midst of a heated cultural debate over race and equity, amplified by the 2024 presidential election cycle. President Joe Biden, who has championed diversity initiatives, condemned the ruling, urging colleges to "not let this decision be the last word." He directed the Department of Education to explore ways to promote diversity without violating the new standards, including guidance on using adversity scores or legacy admissions reforms. Meanwhile, Republican candidates like Florida Governor Ron DeSantis praised the Court, aligning it with their anti-"woke" agendas and state-level bans on diversity, equity, and inclusion (DEI) programs.
Historically, affirmative action traces its roots to the 1960s civil rights era, with President John F. Kennedy's executive order mandating "affirmative action" to ensure equal employment opportunities. It evolved through landmark cases like Regents of the University of California v. Bakke (1978), which upheld limited use of race in admissions, and Grutter v. Bollinger (2003), where Justice Sandra Day O'Connor famously predicted that such policies might not be needed in 25 years—a timeline that has now expired with this ruling.
Experts are divided on the long-term effects. Some, like Richard Kahlenberg of the Century Foundation, advocate for class-based affirmative action as a race-neutral alternative, arguing it could benefit low-income students of all races while indirectly boosting racial diversity. Others, such as UCLA law professor Cheryl Harris, fear it won't suffice, as class and race are intertwined but not interchangeable.
As colleges scramble to revise their admissions processes ahead of the next application cycle, the ruling raises questions about enforcement. The Department of Education could play a role in monitoring compliance, but with a divided Congress, legislative fixes seem unlikely. Private lawsuits are expected to proliferate, testing the boundaries of what remains permissible.
In the end, this Supreme Court term, marked by conservative triumphs on issues like abortion, gun rights, and now affirmative action, underscores a judiciary remade by former President Donald Trump's three appointees—Neil Gorsuch, Brett Kavanaugh, and Amy Coney Barrett—who all voted with the majority. It reflects a broader ideological shift, challenging progressive policies and reigniting debates over America's commitment to equality.
For students like Maria Gonzalez, a high school senior from a low-income Hispanic family in Texas, the decision feels personal. "I've worked so hard to overcome obstacles related to my background," she told reporters. "Now, I'm worried that story won't matter." Her sentiment captures the human stakes: a ruling that, while rooted in legal principles, will profoundly influence who gets a shot at the American dream through education.
As the nation grapples with this change, one thing is clear: the pursuit of diversity in higher education is far from over. Institutions, advocates, and policymakers will innovate, litigate, and advocate to ensure that opportunity remains accessible, even as the tools to achieve it evolve. The Supreme Court's decision may close one chapter, but it opens a new, uncertain one in the ongoing story of American equality. (Word count: 1,248)
Read the Full The Messenger Article at:
[ https://www.the-messenger.com/news/national/article_ab717d71-1e06-58b6-9df8-625e434a0382.html ]