Elizabeth Warren - The Two Income Trap: Why Middle-Class Mothers and Fathers Are Going Broke

http://mslaw.edu

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.

Elizabeth Warren is the Leo Gottlieb Professor of Law at Harvard Law School and chaired the Congressional Oversight Panel created to investigate the U.S. banking bailout .

This program originally aired in April 2004. it is being re-aired because Professor Warren's predictions of economic disasters and the reasons for them have proven correct, and she is a candidate to head a commission to guard against recurrence.

The Massachusetts School of Law also presents information on important current affairs to the general public in television and radio broadcasts, an intellectual journal, conferences, author appearances, blogs and books. For more information visit http://www.mslaw.edu

• Category

  News & Politics

[migraine516]

Elizabeth Warren for President !

[davenetdog]

Imagine politicians that worked for no pay. Civil servants with a civic duty, voluntarily providing service as it originally was meant to be. America's founding fathers were all working wealthy. They took NO pay. They were citizen civil servants. Wow! Not crony socialist communists. Elitist snobs like today.

[hamptom11]

when i had my daughter 14 years ago. i sat down with my husband about the household budget. if i continued to work i would have spent 70 percent of my income on childcare and commuting. it paid for me to stay home. i forgot to tell you my husband had medical and dental. so did i but i was making 15 grand less. you need to sit at the kitchen table and total what both of your takehome pay is. if you have two cars. ditch one and the insurance, daycare that too. trust me it is well worth

[isaacsenglish]

Definately! Double,triple that! She seems to be one of the few sane politicians!

[john bradshaw]

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[aswanus909]

If the world had no governments there would still be wars. Inter clan, inter tribe and inter ethnic conflict. And different cultures have different views on governance. A lot of Asian countries are gerontocracies with old men ruling. A lot of the governing is done through tribal elders. Not to mention religious conflicts

[Bmayo27]

at 55:12 Elizabeth absolutely nails it!! Wow!

[Arthur Rider]

It's incredible that you take such offense to it. I didn't say anything to offend you. I guess you never listened to this dingbat lady speak. She lied about being Native American to gain in politics. I don't have a fruadulent username. I served on active duty in the military for over twenty one years and I retired from the military. There is nothing fraudulent about that. Search online for "Elizabeth Warren thinks Massachusetts women are stupid."

[pjmarengo]

@ TheRetiredVeteran: No, Republican't, it's precisely because your comment that "she is another fraud just like Obama" IS an ignorant and stupid comment and is untrue. It's completely unfounded, 2nd-grade childish taunting,

And the irony is that you call a wonderful woman like Elizabeth Warren who is on the side of all regular Americans a "fraud" when YOU are hiding behind a fraudulent anonymous username. YJCMTSU.

[Arthur Rider]

Why? Because it is true? The truth hurts, huh liberal?