Posted by: Kevin | October 14, 2009

The Death of the Prosperous Middle Class

Ever wonder why more people are working two jobs and yet more people are falling behind in our current economy?  It’s a topic I’ve written on before, although in much less depth than the video I’ve attached below.  Elizabeth Warren breaks down the changes in our spending and saving habits over the past thirty years and illustrates what’s changed.  The video is 60 minutes long and well worth your time.  It’s worth noting that this lecture took place on March 8th, 2007.

One of the interesting topics touched upon, yet not fully explored in this video, is the impact of the suburban lifestyle on our current economic situation.


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