The Two-Income Trap
The Two-Income Trap is a revolutionary exposé that reveals how today's middle-class parents are increasingly trapped by financial meltdowns. In this book, Elizabeth Warren and her daughter Amelia Warren Tyagi have joined forces to argue that the two-parent middle-class working family is on the brink of financial disaster. They delve into the unsettling reality facing modern middle-class families, shattering the widely held myth that dual incomes provide financial security. By blending compelling personal stories with in-depth economic analysis, the book not only identifies the root causes of financial instability but also challenges conventional wisdom and policy approaches. The Two-Income Trap is an indispensable read for anyone concerned about the future of the middle class.
ABOUT THE BOOK
The Two-Income Trap examines the causes of increasing rates of personal bankruptcy and economic insecurity in American households.
The authors show why the usual remedies--child-support enforcement, subsidized daycare, and higher salaries for women--won't solve the problem.
The authors propose a set of innovative solutions, from rate caps on credit cards to open-access public schools, to restore security to the middle class.
The Two-Income Trap has created a sensation among economists, politicians, and families - all those who care about America's middle-class crisis.
PRAISE FOR THE BOOK
"A startling account of the elusiveness of the American Dream."
"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
"You should read this book!"
―Dr. Phil
ABOUT THE AUTHORS
Elizabeth Warren is a distinguished politician, academic, and author known for her extensive work in the fields of bankruptcy law and consumer protection.
Throughout her career, she has been dedicated to public service and her fearless advocacy for the middle class.
Amelia Warren Tyagi has worked as an Engagement Manager with McKinsey & Company, specializing in healthcare, insurance, and education.
She co-founded the successful healthcare start-up HealthAllies.