Elizabeth Warren: America Without a Middle Class

Families today spend less than they did a generation ago on food, clothing, furniture, appliances, and other flexible purchases -- but it hasn't been enough to save them. Today's families have spent all their income, have spent all their savings, and have gone into debt to pay for college, to cover serious medical problems, and just to stay afloat a little while longer.

 http://www.huffingtonpost.com/elizabeth-warren/america-without-a-middle_b_377829.html?igoogle=1 (via shareaholic)

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