The Two-Income Trap: Why Middle-Class Mothers & Fathers are Going Broke Elizabeth Warren

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Hardcover

253 pages


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The Two-Income Trap: Why Middle-Class Mothers & Fathers are Going Broke  by  Elizabeth Warren

The Two-Income Trap: Why Middle-Class Mothers & Fathers are Going Broke by Elizabeth Warren
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In this revolutionary exposé, Harvard Law School bankruptcy expert Elizabeth Warren and financial consultant Amelia Tyagi show that todays middle-class parents are increasingly trapped by financial meltdowns. Astonishingly, sending mothers to workMoreIn this revolutionary exposé, Harvard Law School bankruptcy expert Elizabeth Warren and financial consultant Amelia Tyagi show that todays 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. Todays 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 the rare financial book that sidesteps accusations of individual wastefulness to focus on institutional changes, raved the Boston Globe. Warren and Tyagi reveal how the ferocious bidding war for housing and education has silently engulfed Americas 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-wont solve the problem. But as the Wall Street Journal observed, The 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. 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 Americas middle-class crisis.



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