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?!?

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.

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.

Ironically, this has happened. Want example? Lehmann.

good job and im canadian,gonna move to china though its the same here

Yea , the corporations are selling out America.

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.

This is absolutely superb both in content and delivery. Totally compelling. Great work.

shes cutei am sure paul xrugman is married with children but they would maxe a good couple as americas greatest economists for middle class peopleamerica is done for, what happened to us, we gave up political will

not all of it is a bad idea, credit gives people access to goods they would not havebrazilian people getting samsung dvds etccredit without limits or multiple credit cards without an understanding of financing is the problem

So right. Excellent slides and conference!!! that's the culture/ point of view we need today. there's something really relevant about the way she thinks and what she projects, I just like that vibe :)

Grill it in your kids super hard. Pray to God it works.

Taxpayers are going under. Austerity and restructure are not something the American people are ready to digest. That fact in itself could cause a crash in the socio-economic fabric (It probably will in my view).

indentured servitude rears its ugly head years after slavery was made illegal.

FYI - Elizabeth Warren was also featured in the movie "Maxed Out", another good film on the financial crisis.

Explains a lot about what is happening in our nation today. Watch and be suprised about your everyday life.

Comprehensive. She's great. This should be nationally televised during prime time.

It is sad to see, but this lecture affirms the rationale why I am changing the focus of my law practice from estate planning (helping the wealthy avoid federal estate taxes) to bankruptcy and helping people get a fresh start. Perhaps we can examine ways to reduce our slavery to the almighty FICO credit score. If the govt could back mortgages with the monthly note being a percentage (say 35-40%) of one's verified income, then we could heal the housing market. Until then, I will be very busy.

America is headed down the same path of the Roman empire: oppression, liberty, apathy, then enslavement again. We will fall, I hate it but it's simply the truth that those who forget history are doomed to repeat it.

Every once in a while you come across a video that makes existence of online video sharing site meaningful. This was one of them.Very well researched, well presented and thought provoking. Makes you wonder which direction are we headed. A MUST watch for anyone who is concerned about their's and their children's future.