Wow. What an astonishing article. My husband sent this link to me, and although it is a long read, it is very interesting. Here is the intro to the article:
‘Why Middle Class Mothers and Fathers Are Going Broke’ | |
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New book looks at how the ferocious bidding war for housing and education has quietly engulfed America’s suburbs
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| Sept. 9 — There were over 1.6 million bankruptcy filings last year, up 7.4 percent from the previous year. And according to a new book, more people will end up in bankruptcy this year than will suffer a heart attack, than will be diagnosed with cancer or graduate from college, and it’s not who you would think. Elizabeth Warren is a Harvard law professor and bankruptcy expert and discusses these findings in her new book “The Two-Income Tap: Why Middle-Class Mothers and Fathers Are Going Broke.” She discusses the book on “Today.” Read an excerpt.
9:05:33 PM
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