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Elizabeth Warren is Leo Gottlieb Professor of Law at Harvard Law School. Warren and Tyagi's article is adapted from their book The Two-Income Trap: Why Middle-Class Parents are Going Broke with the permission of Basic Books, a member of the Perseus Books Group.
If families are making more money than ever and are still in financial trouble, surely the critics are right: Americans are overborrowing. But the data tell a different story.
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