Senator Elizabeth Warren

And a big chunk of that is more people having to borrow to make it to the end of the month.

Or people who already have some debt, the debt is just ballooning on them.

They can't manage the interest payments and the debt goes up and up.

Those are worrisome signs.

And for me, the most worrisome signs are the survey data about how confident families are about the economy and that it's headed in the right direction.

And here, families are giving lower reports.

on the economy than they have at any time since the survey researchers first started collecting this back 45, 50 years ago.

So where do you think interest rates should be?

I think interest rates should be somewhat lower than they are now if inflation stays low enough to justify that.

I want to see the interest rates come down, but it's got to come down in tandem with inflation.

We cannot say to America, interest rates are going to be low, you can go borrow that money, and inflation is going to shoot through the roof.

That will turn millions of families upside down economically in this country.

I very much take your point on this.

I do not dismiss the point, but let me now do it the other way.

When we talk about the stress on American families, do you know one of the biggest expenses that's out there?

We don't count.

And that is how much you're spending on credit cards.

How much are you paying on debt on student loans?

How much are you paying?

All your debt is actually left out of the calculation.