@mystery-ak @Cyber Liberty@Applewood "Don’t have children and, if you divorce, re-marry as soon as possible."
That sentence is one choice among many, to avoid going broke and having to file for bankruptcy - it happens. Better to know the possibilities/how it happens, than not to know.
Let's see the background where/why this book originated: "The Two Income Trap: Why Middle-Class Parents Are (Still) Going Broke".
Warren is the expert in bankruptcy law, commercial law, consumer protection, to wit:
None here agree with her politics, but that does not negate her life's work. "Warren was registered as a Republican from 1991 to 1996. She voted Republican for many years. "I was a Republican because I thought that those were the people who best supported markets."
Lawyers usually specialize in one broad category of law. Elizabeth Warren specialized in the category of
commercial law, bankruptcy law, consumer protection. Studying
bankruptcy law, doing research as stated below, she saw how families (all category of families: husband/wife, husband single with children, mother single with children), could easily end up filing for bankruptcy. (This is easily the beginning of the above book; how to stay afloat and not drown in debt going into bankruptcy.)
Background:
In the 1960s, Warren and her husband moved to Houston, where he was employed by IBM. She enrolled in the University of Houston and graduated in 1970 with a Bachelor of Science degree in speech pathology and audiology. She also taught a Bible Class (Methodist).
The Warrens moved to New Jersey when Jim received a job transfer. She soon became pregnant and decided to remain at home to care for their daughter, Amelia. After Amelia turned two, Warren enrolled in Rutgers Law School at Rutgers University–Newark. Shortly before graduating in 1976, Warren became pregnant with their second child, Alexander. She received her J.D. and passed the bar examination.
After she received her J.D. and passed the Bar exam, she decided to perform legal services from home, writing wills and doing real estate closings, in order to be at home with her son.
In the late 1970s, 1980s, and 1990s Warren taught law at several American universities while
researching issues related to bankruptcy and middle-class personal finance. She became involved with public work in
bankruptcy regulation and consumer protection in the mid-1990s.Warren's earliest academic work was heavily influenced by the law and economics movement, which aimed to apply neoclassical
economic theory to the study of law with an emphasis on
economic efficiency. One of her articles, published in 1980 in the Notre Dame Law Review, argued that public utilities were over-regulated and that automatic utility rate increases should be instituted. But Warren soon became a proponent of on-the-ground research into how people respond to laws.
Her work analyzing court records and interviewing judges, lawyers, and debtors, established her as a rising star in the field of bankruptcy law. According to Warren and economists who follow her work, one of her key insights was that
rising bankruptcy rates were caused not by profligate consumer spending but by middle-class families' attempts to buy homes in good school districts. Warren worked in this field alongside colleagues Teresa A. Sullivan and Jay Westbrook, and the trio published their research in the book "As We Forgive Our Debtors in 1989." Warren later recalled that she had begun her research believing that most people filing for bankruptcy were either working the system or had been irresponsible in incurring debts, but that she came to the conclusion that such abuse was in fact rare and that the legal framework for bankruptcy was poorly designed, describing the way the research challenged her fundamental beliefs as "worse than disillusionment" and "like being shocked at a deep-down level". In 2004 she published an article in the Washington University Law Review in which she argued that over-consumption in the middle class was a myth.
Although she published in many fields,
her expertise was in bankruptcy and commercial law. In that field, only Bob Scott of Columbia and Alan Schwartz of Yale were cited more often than Warren.
On a personal note, she had to manage children and still educate herself and she went to whichever university was close to her as she followed her husband when he had to relocate. I did the same thing - whichever university was near me is where I went and I also juggled two children to do it.
A single woman without marriage/children would allow the woman to excel much faster and command more money with the higher education and avoid poverty and bankruptcy. That is what that one sentence means in the book at the start of this thread.
Unfortunately, she is a Democrat and should not be President. I do believe her background as a universtiy level debater and lawyer who is not afraid/nervous with crowds, may/will be the candidate and face Trump in the Presidential Debates. He is stuck calling her Pocahontas with nothing substantial after that. A name will not do her in.
