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


Here is the description that goes along with the YouTube video below:

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.

Remember the interview occurred in 2004. The prescience of some of the things that Warren predicts is just amazing.


I have previously posted a lecture Elizabeth Warren gave about another of her books, The Coming Collapse of the Middle Class. As I listened to this interview, I recognized a lot of the same material. However, because of the interview nature instead of lecture there are aspects that come out that are new ans surprising.

Whenever I think I know all of the good things about Elizabeth Warren that make me want her as my Senator, I stumble across something new that makes her even better.

This is an hour interview, although you can skip the commercials, but please stay for the final anecdote that she tells about Hillary Clinton and her. It is amusing, shocking, and perhaps terribly foreboding about the future.

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