The Two-Income Trap: Why Middle-Class Parents Are Going Broke

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In this revolutionary exposé, 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 counter...

Paperback: 255 pages
Publisher: Basic Books; Reprint edition (August 18, 2004)
Language: English
ISBN-10: 0465090907
ISBN-13: 978-0465090907
Product Dimensions: 5.2 x 0.2 x 8 inches
Amazon Rank: 265653
Format: PDF ePub Text TXT fb2 ebook

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If nothing else, this was a really interesting book. I read it on a coast-to-coat flight, mostly because I simply couldn't put it down. My wife read a good portion of it and agreed it was interesting before she left the book on a plane. We both ag...

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eneration 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 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, "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 America's middle-class crisis.