Dateline – Debt: The Next Big American Crisis

Over the weekend, MSNBC’s Dateline investigated the American debt burden, interviewing consumers and Professor Elizabeth Warren.  You can access the entire show online here.

When asked if we should “feel sorry” for people in credit card debt, Warren explains, “To me, it’s not about feeling sorry. It’s about understanding the economic realities. The median American family has tried to hold on to an American Dream that their parents could easily afford on one income, and today’s family can’t pay for on two. They need to make it to the end of this month. And if plastic is the way to do that, that’s what families have been doing.”