The Two-Income Trap

The Two-Income Trap

4.11 - 1251 ratings - Source

In this revolutionary exposAc, Harvard Law School bankruptcy expert Elizabeth Warren and financial consultant Amelia Tyagi show that today's middle-class parents are increasingly trapped by financial meltdowns. Astonishingly, sending mothers to work has made families more vulnerable to financial disaster than ever before. Today's two-income family earns 75% more money than its single-income counterpart of a generation ago, but has 25% less discretionary income to cover living costs. This is qthe rare financial book that sidesteps accusations of individual wastefulness to focus on institutional changes, q raved the Boston Globe. Warren and Tyagi reveal how the ferocious bidding war for housing and education has silently engulfed America's suburbs, driving up the cost of keeping families in the middle class. The authors show why the usual remedies-child-support enforcement, subsidized daycare, and higher salaries for women-won't solve the problem. But as the Wall Street Journal observed, qThe book is brimming with proposed solutions to the nail-biting anxiety that the middle class finds itself in: subsidized day care, school vouchers, new bank regulation, among other measures.q From Senator Edward M. Kennedy to Dr. Phil to Bill Moyers, The Two-Income Trap has created a sensation among economists, politicians, and families-all those who care about America's middle-class crisis.But a statement by former Sears CEO Arthur C. Martinez is certainly in keeping with Sallya#39;s story. ... credit cardholders than it earned from selling merchandise.70 In other words, Sears kept all those stores open and sold all those Lady Kenmore washing machines ... The problems posed by families deep in debt may seem intractable, or at least so deeply embedded that only a complex, expensive array ofanbsp;...

Title:The Two-Income Trap
Author:Elizabeth Warren, Amelia Warren Tyagi
Publisher:Basic Books - 2007-10-15


You Must CONTINUE and create a free account to access unlimited downloads & streaming