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Priced out of the American Dream

Americans are increasingly tied down by debt — that’s nothing new. But Harvard professor Elizabeth Warren says the rising costs of bare necessities, not luxuries, might change the very nature of America.

Harvard professor Elizabeth Warren says that contrary to leading opinion, the growing consumer economy is not the source of America’s growing debt crisis — it’s the ever-rising cost of big-ticket items like mortgages, insurance, cars and other “necessities” of modern life. (Tim Boyle/Getty Images)

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