It would be tough to consider women who inspire change without discussing the political career of Elizabeth Warren. In 2012, she was elected as a senator for Massachusetts, the first woman ever to hold that position. Her stand on middle class struggles has earned her recognition from organization after organization since 2009. TIME magazine has listed her amongst the most influential people in the world on multiple occasions.
A Harvard Law professor, Warren has used her knowledge and influence to assist families that struggle like hers did after her father suffered a heart attack and the family’s income was reduced as a result. Today, she sees the same struggle for families as they cut costs in things like clothing and appliances to make up for skyrocketing healthcare, mortgages, and transportation expenses. She co-wrote a book along with her daughter explaining why even two-income middle-class families need to get by with less and sometimes still incur a lot of debt.
As a result of the 2008 economic crisis, Warren moved further into the political spotlight as chairperson for the Congressional Oversight Panel that reported on how the government bailout program was working. Subjects such as loans for small businesses and mitigation of foreclosures were addressed by the committee during her tenure as chairperson.
Along with several other senators, Warren is fighting for the average American worker. Since greater productivity has been required, and cost of living has continued to increase, she is in favor of increasing the nation’s minimum wage to over twenty dollars per hour. The drastic increase would obviously affect many businesses that rely on cheap labor, but the idea is to pay the average working person what they are actually worth regardless of the effect on bottom line for major corporations such as in the fast food industry.
Her latest book, A Fighting Chance, is set for release in April of this year. In it, she continues her crusade for better bankruptcy laws in the US, revealing that many cases are actually for reasons other than health related bills which previous studies claimed made up about half of the nation’s bankruptcies. In her book, she shows the decades long battle that she fought and lost against the powerful banking industry. After failing to defeat Washington bureaucrats, she decided to become one, and reached that goal in 2012. E
lizabeth Warren’s story is one of success and failure as she struggles to inspire change for the average household. Regardless of the outcome, however, Warren is determined to continue speaking out against predatory bankers, and in behalf of the working class.