In 2007, before the financial crisis and before becoming Chairman of the Congressional Oversight Panel investigating the Troubled Assets Relief Program, Dr. Eli

In 2007, before the financial crisis and before becoming Chairman of the Congressional Oversight Panel investigating the Troubled Assets Relief Program, Dr. Elizabeth Warren gave a very interesting talk at UC Berkeley titled "The Coming Collapse of the Middle Class." http://www.youtube.com/watch?v=akVL7QY0S8A http://www.youtube.com/watch?v=akVL7QY0S8A At the time I thought it was a little alarmist, but in view of recent developments I recommend watching it (58 minutes, sorry). It speaks directly to the point about wages and how middle class households employ revolving credit to make up the the difference. The graphs and data are interesting.