Huge Mortgage: Going Broke - 2003-09-17
BILL HEMMER, CNN ANCHOR: There is a new book suggesting this year that more children will live through their parent's bankruptcy than their parent's divorce.
WARNER: Well, the principal reason is schools, because the No. 1 increase for families from a generation ago to right now is what they're spending on mortgages. The cost of a mortgage for a median income family has gone up 70 times faster than a father's income, when adjusted for inflation on both sides.
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