Understanding Why So Many Families Are Going Broke Helps You Understand How to Become Debt Free

Fifty years ago women entered the workforce with great optimism that families would be much better off.  The reality is the exact opposite. Bankruptcies have increased dramatically in the last twenty years.  In 2009 1.6 million families filed for bankruptcy.

On average families owed more than a year’s worth of income and nearly 90% of those are middle class.  Watch this interview with Elizabeth Warren of Harvard to understand the problem and solutions.  If you really want to become debt free for life this is a great lecture for you.

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