In the 1960s, a minimum wage job would keep a family of three afloat.
Most women file for bankruptcy in the aftermath of a serious medical problem, a job loss, or a family break up. It is hard to protect against those.
It is easy when you are successful to think that you did it all by yourself and to forget that you didn't. You got here because a lot of things broke your way. You were lucky enough to be born into a family that could afford to take care of you well.
My mother saved our home with a minimum wage job. But in the 1960s, a minimum wage job would support a family of three above the poverty line. Not today. Not even close. I understood right then that people can work hard, they can play by the rules, and they can still take a hard smack.
I grew up in a family that nearly lost everything, but I ended up in the United States Senate because I grew up in an America that invested in kids like me and built a real future for us.
Growing up, my mother and grandparents often talked about our family's Native American heritage. As a kid, I never thought to ask them for documentation - what kid would?
It is not good not to have health insurance; that leaves the family very vulnerable.
Unfair servicing practices can worsen a family's already difficult economic situation, and the injury echoes from the family to the community and ultimately throughout the economy.
A family relying on a teacher's salary or a city employee's salary is solidly middle class as long as that money's coming in. When it's cut off, they're committed to financial obligations that will quickly turn them upside down.
Some economists estimate that for every family that goes bankrupt, there are about 15 more who are in the same amount of financial trouble and would profit from bankruptcy but just haven't filed.