Elizabeth Warren
Elizabeth Warren
Elizabeth Ann Warren is an American academic and politician. She is a member of the Democratic Party, and is the senior United States Senator from Massachusetts. Warren was formerly a professor of law, and taught at the University of Texas School of Law, the University of Pennsylvania Law School, and most recently at Harvard Law School. A prominent scholar specializing in bankruptcy law, Warren was among the most cited in the field of commercial law before starting her political career...
NationalityAmerican
ProfessionPolitician
Date of Birth22 June 1949
CityOklahoma City, OK
CountryUnited States of America
Growing up, my mother and grandparents often talked about our family's Native American heritage. As a kid, I never thought to ask them for documentation - what kid would?
I grew up in a family that nearly lost everything, but I ended up in the United States Senate because I grew up in an America that invested in kids like me and built a real future for us.
Unfair servicing practices can worsen a family's already difficult economic situation, and the injury echoes from the family to the community and ultimately throughout the economy.
In the 1960s, a minimum wage job would keep a family of three afloat.
My mother saved our home with a minimum wage job. But in the 1960s, a minimum wage job would support a family of three above the poverty line. Not today. Not even close. I understood right then that people can work hard, they can play by the rules, and they can still take a hard smack.
It is easy when you are successful to think that you did it all by yourself and to forget that you didn't. You got here because a lot of things broke your way. You were lucky enough to be born into a family that could afford to take care of you well.
Most women file for bankruptcy in the aftermath of a serious medical problem, a job loss, or a family break up. It is hard to protect against those.
Some economists estimate that for every family that goes bankrupt, there are about 15 more who are in the same amount of financial trouble and would profit from bankruptcy but just haven't filed.
A family relying on a teacher's salary or a city employee's salary is solidly middle class as long as that money's coming in. When it's cut off, they're committed to financial obligations that will quickly turn them upside down.
It is not good not to have health insurance; that leaves the family very vulnerable.
The women who file for bankruptcy played by all the rules, but they are still in economic freefall.
Early 2000s, we get Enron, which tells us the books are dirty. And what is our repeated response? We just keep pulling the threads out of the regulatory fabric.
Every time the U.S. government makes a low-cost loan to someone, it's investing in them.
Raising the minimum wage means we have workers paying more in to support the Social Security system.