From #1 New York Times bestselling author Senator Elizabeth Warren and consultant Amelia Warren Tyagi, the classic book about America's middle class -- and why economic security remains out of reach for many
In this exposé, Elizabeth Warren and Amelia Warren Tyagi show that modern middle-class families are increasingly trapped by the grinding reality of flat wages and rising costs. Warren and Tyagi reveal how a ferocious bidding war for housing and education has silently engulfed America's suburbs, driving up the cost of keeping families in the middle class, and placing unprecedented pressure on hard-working families.
Revolutionary when it was first published in 2003, The Two-Income Trap remains disturbingly relevant today. Now with a new introduction by the authors, The Two Income Trap shows why the usual remedies won't solve the problem and points toward the policy changes that would create better opportunities for both parents and children.
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Void of hope and empowerment
These authors identify legitimate challenges for the middle and working class. But all causes they claim are “systemic” - nothing is linked to individual behavior or personal decisions. The result is that the authors fail to suggest solutions that individuals and families can put into place to strengthen their financial situations. This book is void of hope and the authors make no effort to suggest ways people can empower themselves to resolve their financial woes.