Get out of debt. In a world of stagnant incomes and rising core expenses like mortgage and health care costs, that's a lot easier said than done. The middle class is under enormous pressure. But families can stop the bleeding by reducing their reliance on debt wherever they can. They can also start fighting back by taking a hard look at whom they do business with and rethinking whether they want tricks-and-traps banks to hold their money. They can also demand that public officials take the side of families over the side of banks.
Elizabeth WarrenThe total amount of money that Wall Street handed out in bonuses last year was double the total income of ALL full-time minimum wage workers. That's obscene.
Elizabeth WarrenThe trickle-down experiment that began in the Reagan years failed America's middle class. Sure, the rich are doing great. Giant corporations are doing great. Lobbyists are doing great. But we need an economy where everyone else who works hard gets a shot at doing great!
Elizabeth WarrenAs a Democrat, one of the things that frustrates me the most is there are a lot of times we just don't get in the fight. We ask pretty please if we can have things or we make the argument for why it is the best thing to do, and then wait patiently for the other side to agree to come along. We negotiate. We start our opening position by negotiating.
Elizabeth WarrenYou know, if youโre caught with an ounce of cocaine, the chances are good youโre going to go to jail. If it happens repeatedly, you may go to jail for the rest of your life. But evidently, if you launder nearly a billion dollars for drug cartels and violate our international sanctions, your company pays a fine and you go home and sleep in your own bed at night, every single individual associated with this. I think thatโs fundamentally wrong.
Elizabeth WarrenBoth [of my granddaughters] Octavia and Lavinia have May birthdays. I've just been birthday shopping with them. But the shopping has a budget. I say, "Okay, if you pick this out, then you'll have how much left?" I wait for them to do the calculation, and they'll say, "$18." And we stand there and talk about, hmm, is that sweater really worth that much? And the girls work it through.Doing that takes away some of the magic of money.
Elizabeth Warren