Elizabeth Warren discusses how the dreams of the middle class american family
are being depleted by the dramatic increase in bankruptcies and foreclosures.
Warren discusses the role that credit card companies and ballooning interests rates
have played in rapidly increasing mortgage rates
as well as the how the over consumption myth
is clouding our understanding of the average middle class family,
who is in fact experiencing a lower standard of living than their parents
and still finding themselves one payment away from losing their home.
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