by uctelevision

31 January 2008

from YouTube Website
 

Elizabeth Warren, Leo Gottlieb Professor of Law at Harvard University, was chosen to be the 2007 speaker for the Thomas Jefferson Memorial Lecture series at UC Berkeley.

 

She fears America is moving from a three class society to a two class society.

 

She points out:

• Men today make $800 less average income than their fathers made in the 1970's

• Savings as a percentage of personal disposable income has gone from 11% to negative in the same time period

• Food, Clothing and Car prices all went down

• Yet the median family spends 76% more on a mortgage compared to 30 years ago

• A family who has employer sponsored health insurance pays 74% more than a generation ago

Since the late 1990's, more children live in homes that file for bankruptcy than live in homes that file for divorce. All numbers have been adjusted for inflation.

 

Take your time with this video.

 

It's good.

 

 

 

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