The Coming Collapse of the Middle Class

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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 1:43 pm
Author: uctelevision

Length: 00:57:37
Rating: 4.86
Views: 119187

Tags: bankruptcy middle class economy

Video Comments:
scientastic (December 1, 2008 at 10:11 am)
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 11:53 am)
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 11:50 am)
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 4:11 pm)
Ironically, this has happened. Want example? Lehmann.
spankmepz (November 25, 2008 at 11:11 pm)
good job and im canadian,gonna move to china though its the same here
flubno (November 25, 2008 at 6:00 pm)
Yea , the corporations are selling out America.
kayxyz (November 23, 2008 at 8:20 pm)
George W Bush and dimwit US Labor Secretary Elaine Chao have rarely met their jobs creation target in 8 years, proof that tax cuts do not work. The labor pool available in India and China are way too large. In the US, it takes the creation of 100K-130K new jobs created per month just to absorb new graduates into the workforce. Job offshored? It's not coming back and it's not being replaced. As long as Republicans haven't raised taxes on CEOs, they don't care. Bills go onto Elaine Chao's desk.
PeterSodhi (November 22, 2008 at 3:17 am)
This is absolutely superb both in content and delivery. Totally compelling. Great work.
8data (November 21, 2008 at 3:03 am)
shes cute
i am sure paul xrugman is married with children but they would maxe a good couple as americas greatest economists for middle class people
america is done for, what happened to us, we gave up political will
8data (November 21, 2008 at 3:01 am)
not all of it is a bad idea, credit gives people access to goods they would not have
brazilian people getting samsung dvds etc
credit without limits or multiple credit cards without an understanding of financing is the problem