The Coming Collapse of the Middle Class


Distinguished law scholar Elizabeth Warren teaches contract law, bankruptcy, and commercial law at Harvard Law School. She is an outspoken critic of America's credit economy, which she has linked to the continuing rise in bankruptcy among the middle-class. Series: "UC Berkeley Graduate Council Lectures" [6/2007] [Public Affairs] [Business] [Show ID: 12620]







Channel: Education
Uploaded: January 31, 2008 at 7:43 pm
Author: uctelevision

Length: 00:57:37
Rating: 4.86
Views: 118589

Tags: economy bankruptcy class middle

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Video Comments:
scientastic (December 1, 2008 at 4:11 pm)
Maybe it would be cheaper to buy a home in a bad school area and use the money saved on the cheaper house to send the kids to private school?!?
Tarchomraicer (November 30, 2008 at 5:53 pm)
And while the COST of items such as clothes may have gone down, it should have gone down much more, because the reality is that people ARE spending much more than they should - thirty years ago, young mothers' babies wore hand-me-downs. Now, they spend $60 per outfit. It's a big waste of money.
Tarchomraicer (November 30, 2008 at 5:50 pm)
Housing&Health insurance, cars, childcare, and taxes are what have gone up over the course of a generation, and Ms. Warren says they are fixed, but are they? MUST we own home, must we get sick, MUST we have cars, and MUST we have childcare? Why can't we rent, be healthier, one own el cheapo car, and look after our own children by working shift or part-time shifts (and this could be done by cutting down on other expenses). Not ideal, but better than going bankrupt.
tu4eva (November 26, 2008 at 10:11 pm)
Ironically, this has happened. Want example? Lehmann.

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