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The Two-Income Trap: Why Middle-Class Parents Are (Still) Going Broke
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With a new introduction by the authors, Senator Elizabeth Warren and consultant Amelia Warren Tyagi, this 2016 edition of The Two-Income Trap shows that the middle class remains entirely out of reach for many.“A startling account of the elusiveness of the American Dream.” —Time“A wonderful book. . . . Revelatory.” —Paul Krugman, New York Times“Brimming with proposed solutions to the nail-biting anxiety that the middle class finds itself in.” —Wall Street Journal“A well-researched road map of where we are, as well as viable escape routes.” —Boston Globe

Paperback: 288 pages

Publisher: Basic Books; Revised, Updated ed. edition (April 12, 2016)

Language: English

ISBN-10: 0465097707

ISBN-13: 978-0465097708

Product Dimensions: 5.4 x 0.9 x 8.2 inches

Shipping Weight: 10.4 ounces (View shipping rates and policies)

Average Customer Review: 3.5 out of 5 stars  See all reviews (8 customer reviews)

Best Sellers Rank: #299,033 in Books (See Top 100 in Books) #85 in Books > Business & Money > Economics > Income Inequality #343 in Books > Politics & Social Sciences > Politics & Government > Public Affairs & Policy > Social Policy #1863 in Books > Politics & Social Sciences > Anthropology > Cultural

I had really never thought about the connection between competition for "good" schools and the economic difficulties faced by so many families. Warren backs up her claims with substantial research, which is helpful when so much of what she says goes against the conventional wisdom of how people get into financial distress. It's a little scary to think how close many of us are to disaster, no matter how carefully we avoid a daily latte--she shows that medical emergencies, job loss, and divorce account for almost all bankruptcies, and there is little most of us can do to avoid those things that we aren't already doing. It's a very thought-provoking read.

Senator Warren makes a valid point about how the two working family has changed our lives. Senator Warren blasts Ms. Clinton about her support of the bankruptcy bill which makes life much harder on the unfortunate individuals who find themselves trapped in debit, Than Senator Warren goes out and makes speeches in support of Ms. Clinton. Senator Warren you can not have it both ways.

Read this for an anticipated class, which I decived not to take. The book was interesting, though!

Exactly as expected.

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