Conversations host Harry Kreisler welcomes Harvard Law Professor Elizabeth Warren for a discussion of the economic pressures confronting the two income middle class family as it struggles to pay mortgages, health care, and education costs. Professor Warren offers surprising answers to "Who goes bankrupt and why?" and explores the role of banks and credit card companies in tightening the squeeze on the average American family. The interface between politics and the law in addressing these problems is explored. Series: "Conversations with History" [5/2007] [Public Affairs] [Show ID: 12490]
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So where did it go?:
76% increase on what people spent on a mortgage (!!), on somewhat larger homes.
74% increase on health cost
52% increase on cars: two cars (for commuting to work) !!
..... Child car
..... Taxes
Want to beat these increases?? Live in a smaller home, close to where you work, and DITCH THE CAR Guess what? That move reduces energy use, slows global warming, and allows people to rebuild savings