Elizabeth Warren said that in their bankruptcy study, the vast majority of people who filed for bankruptcy didn't do it because they "bought things they didn't need". They did it because they overextended themselves to get a house in a good school district and then one of them lost their job or they had a medical emergency.
It's easy to paint those people as irresponsible, but according to her, it's very far from the truth in most cases.
It's easy to paint those people as irresponsible, but according to her, it's very far from the truth in most cases.