getAbstract Summary: Get the key points from this book in less than 10 minutes.

Mother-and-daughter authors Elizabeth Warren and Amelia Warren Tyagi tell the frightening tale of a rising tide of bankruptcies and financial difficulties in middle-class America. Their statistics show that families with children, including single parent families, are hardest hit by this epidemic. The authors, who make no pretence of objectivity, blame corporate greed and government neglect. Their politically improbable proposals include school vouchers removing geography as a placement criteria and the re-regulation of lending. The book doesn't ever really define its pivotal audience, the "middle class." It trusts your conventional wisdom about what it means to be middle-class, while passionately questioning conventional wisdom about consumer debt. Yet, despite the book's flaws, the authors make a thought-provoking, eye-opening argument about lending practices and they issue clear warnings about debt. getAbstract.com recommends this book to families, and to anyone concerned about social justice, family-friendly policies and consumer debt.

Book Publisher:

Basic Books