Imelda Bettinger

Debt in America today

Everyone knows American’s carry too much debt but do we know why. Most think is has to do with consumerism and overspending on wants. Harvard business professor Elizabeth Warren instead thinks American’s are in debt because of modern life necessities like mortgages, insurance, and cars.

American Public Media’s Marketplace reports on this story. Listen to the short episode, which is part of a week long series “Consumed” in America.