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Publisher's Summary

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.
©2003 Elizabeth Warren and Amelia Warren Tyagi (P)2014 Audible Inc.
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Customer Reviews

Most Helpful

By E. Frederick on 05-11-16

Must Read

This book is a must for hard working families trying to make it in today's economy.

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2 of 2 people found this review helpful


By KEVIN PARKE on 09-08-15

Elizabeth Warren "gets it"

I didn't give five stars because the book was a little dates and because I wish Elizabeth Warren would have done the narration herself. Aside from that this is an excellent book on the rarely discussed plight of the middle class. Many who live one disaster (job loss, medical expense etc. ) from financial ruin.

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2 of 2 people found this review helpful

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