Why Mid-Decile Income Mothers & Fathers Are Going Broke

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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