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More than two decades ago, the women's movement opened workplace doors, sparking controversy but widely believed to enhance families' financial situations. However, this book reveals that today's middle-class parents face an unprecedented economic crisis. Despite two-income families earning 75% more than single-income households from a generation ago, they actually have less discretionary income after paying fixed monthly bills. Warren and Tyagi argue that the issue isn't "overconsumption," as some critics suggest, but rather a fierce competition for housing and education that has taken hold in America's suburbs. The shift of mothers into the workforce, once a source of financial security for families, has left them more vulnerable than ever. The authors contend that traditional solutions—such as child-support enforcement, subsidized daycare, and higher salaries for women—will not address the root of the problem. Instead, they propose innovative solutions, including rate caps on credit cards and open-access public schools, to restore financial security for the middle class.
Acquisto del libro
The Two-Income Trap, Elizabeth Warren, Amelia Warren Tyagi
- Lingua
- Pubblicato
- 2003
- product-detail.submit-box.info.binding
- (Copertina rigida)
Metodi di pagamento
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- Titolo
- The Two-Income Trap
- Sottotitolo
- Why Middle-Class Mothers and Fathers Are Going Broke
- Lingua
- Inglese
- Editore
- Basic Books
- Pubblicato
- 2003
- Formato
- Copertina rigida
- Pagine
- 272
- ISBN10
- 0465090826
- ISBN13
- 9780465090822
- Serie
- Tag
- Saggistica, Scienze sociali, Commercio, Business & Management, Famiglia, Politica, Economia, USA, Sociologia, Finanza, Denaro
- Valutazione
- 3,85 su 5
- Descrizione
- More than two decades ago, the women's movement opened workplace doors, sparking controversy but widely believed to enhance families' financial situations. However, this book reveals that today's middle-class parents face an unprecedented economic crisis. Despite two-income families earning 75% more than single-income households from a generation ago, they actually have less discretionary income after paying fixed monthly bills. Warren and Tyagi argue that the issue isn't "overconsumption," as some critics suggest, but rather a fierce competition for housing and education that has taken hold in America's suburbs. The shift of mothers into the workforce, once a source of financial security for families, has left them more vulnerable than ever. The authors contend that traditional solutions—such as child-support enforcement, subsidized daycare, and higher salaries for women—will not address the root of the problem. Instead, they propose innovative solutions, including rate caps on credit cards and open-access public schools, to restore financial security for the middle class.