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The Two-Income Trap: Why Middle-Class Parents are Going Broke
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Bibliographic Detail
Publisher Basic Books
Publication date August 17, 2004
Pages 255
Binding Paperback
Edition Reprint
Book category Adult Non-Fiction
ISBN-13 9780465090907
ISBN-10 0465090907
Dimensions 0.25 by 5.25 by 8 in.
Weight 0.65 lbs.
Availability§ Out of Print
Original list price $18.99
§As reported by publisher
Summaries and Reviews
Describes the economic and social impact of the two-income family, explaining why sending mothers to work has made families more vulnerable economically, pointing to the intense bidding war for housing and schooling in America's suburbs, and presenting an innovative series of solutions on how to get the middle class back on financial track. Reprint. 60,000 first printing. description: Product Description:
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 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 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.

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Reprint edition from Basic Books (August 17, 2004)
9780465090907 | details & prices | 255 pages | 5.25 × 8.00 × 0.25 in. | 0.65 lbs | List price $18.99
About: Describes the economic dilemmas facing families who depend on two incomes, presenting a series of solutions on how to get the middle class back on financial track.

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