| 00:00 | Until recently, Ken Karpman was part of an elite group of Americans making more money in a few weeks than most Americans make in a year. |
| 00:08 | But all that suddenly changed and now he and his family are hundreds of thousands of dollars in debt. |
| 00:14 | For the first 45 years of my life, everything was just great. Got into college, got the right job, got the right girl. |
| 00:22 | -Nice vacations. Aspen for Christmas. Country club, the tennis, and the golf. -Ken Karpman has lived the good life. |
| 00:30 | With his job, buying and selling stock for institutional clients, he made more money than 99 percent of working Americans. |
| 00:38 | -750 was the top. -$750,000 a year? -Yeah. And so... -That's a lot of money. |
| 00:43 | -Yeah, I know. -The Florida house where Ken and his wife Stephanie are raising their two children shows what that money can buy. |
| 00:50 | -But a closer examination tells another story. -So, one plus two-fourths... |
| 00:55 | The reality is the Karpmans are broke. They haven't paid their mortgage in two years, and their dream home is in foreclosure. |
| 01:04 | -You've hit rock-bottom. Savings accounts, 401(k) is completely... -Gone. |
| 01:09 | -Gone. Zero. Credit cards? What do you owe on credit cards? -Over a hundred thousand. |
| 01:16 | -Yeah. -More than a hundred thousand? |
| 01:18 | Their problems began 4 years ago, when Ken left his job to start his own hedge fund, a gamble that did not pay off. |
| 01:25 | It was tough going and Ken dipped into his savings to pay household bills and to keep his business afloat... |
| 01:31 | ...resulting in a financial nightmare they never envisioned. |
| 01:34 | When Ken's hedge fund dissolved, he was adrift in a sinking economy, looking for a job. |
| 01:40 | -What was that job search like? -People were just cutting back everywhere, so... |
| 01:45 | Six months turned into two years. Still, no luck. Then, four months ago, Ken did something he never could have imagined. |
| 01:53 | -He went to the local pizza parlor and asked for a job. -”Hire me. I mean, you've done - you need to hire me.” |
| 02:00 | Listed on his application, an MBA from UCLA, and his previous salary. |
| 02:06 | Pizza. Delivering pizzas. Just, never in my wildest dreams would I think that he would be doing that. |
| 02:12 | -Ken went from making six figures a year to $7.29 an hour, plus tips. -$27.49. |
| 02:20 | -There, keep the change. -Great. Thank you very much, ma'am. Bye. -Buh-bye. |
| 02:23 | This whole progression down, it's amazing how many things you say, “Oh, I can't do that.” And I say, “Oh yeah, I can do that.” |
| 02:29 | I mean, you know, you just, oh, “This is what I'll do to keep food on the table.” |
| 02:35 | The Karpman's financial troubles are so bad, Robin, they've gone from eating out at restaurants, they now are so broke... |
| 02:40 | ...they qualify for $500, $500 a month in food stamps. |
| 02:44 | -How are the kids doing? -You know, 10 and 11 years old, they're in the private school that they've only known... |
| 02:49 | ...the only school they've known because somebody is anonymously paying for their tuition. |
| 02:53 | They're trying very hard to protect them from all this, but they're going to lose that home in a couple of months. It has been foreclosed. |
| 02:59 | Oh, sorry. Elizabeth, thank you so much... |
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