The Two-Income Trap - Elizabeth Warren [0]
Praise
Title Page
Dedication
Introduction
Chapter 1 - Just the Way She Planned
One in Seven
Unseen Dangers
A Mother’s Story
Having Children, Going Broke
Chapter 2 - The Over-Consumption Myth
Where Did the Money Go?
For the Children
Bidding War in the Suburbs
Out of the Housing Trap?
The Price of Education
The Promise of Public Education
That All-Important Degree
Time for a Tuition Freeze?
The Family Car
Families Then, Families Now: The Two-Income Trap
Chapter 3 - Mom: The All-Purpose Safety Net
The All-Purpose Safety Net
No New Money
Good Intentions
Turn Back the Clock?
Chapter 4 - The Myth of the Immoral Debtor
No Shame in Failure
The Easy Way Out
Fraud and Abuse
What Went Wrong
Two-Income Trap, Part Two
Bad Timing
Adding It Up
There But for the Grace of God
One Survivor’s Story
An Ounce of Prevention
The Myth
Chapter 5 - Going It Alone in a Two-Income World
The Best of Times . . .
. . . The Worst of Times
Continuing Fallout from the Two-Income Trap
Trying to Compete in a Two-Income World
The Facts of Marriage
Out of the Trap: Make Dad Pay More?
Share the Pain?
Tapped Out
A Lesson from the Two-Parent Family
Chapter 6 - The Cement Life Raft
The Brave New (Unregulated) World
The Debt Explosion
Mortgaging the Future
Where the Money Is
Repo Man in the Suburbs
A Problem That Can Be Solved
Deafening Silence
Goliath Meets David
Reclaiming the Politics of the Family
Chapter 7 - The Financial Fire Drill
When the House Is Already on Fire
Stay Home?
The Other Solution: No Children?
Bankrupt Children
Playing by the Rules
APPENDIX - The Consumer Bankruptcy Project, 2001
Acknowledgements
NOTES
INDEX
ABOUT THE AUTHORS
Copyright Page
PRAISE FOR THE TWO-INCOME TRAP
“Why are so many millions of parents earning more but enjoying it less in our modern economy? Why are mothers the only group of women worse off financially now than a generation ago? Why can’t today’s hardworking families afford the happier lifestyle of their parents? How can they escape the “two-income trap” and prevent a financial meltdown? In this excellent book, Warren and Tyagi tell the shocking story of that trap, and offer real hope for a better future.”
—Senator Edward M. Kennedy
“A provocative new book. . . the authors suggest ambitious solutions.”
—Newsweek
“At a time when many middle-class families are just an accident or an illness away from financial disaster, this book provides a well-researched road map of where we are, as well as viable escape routes.”
—Boston Globe
“An eye-opening, well-documented thesis set out in a succinct and easy-to-read fashion.”
—Washington Post
“THE TWO-INCOME TRAP goes a long way toward explaining. . . why so many Americans, even quite affluent ones, are convinced they aren’t doing as well as their parents did or that they could have their success snatched away much more easily.”
—Los Angeles Times Book Review
“One of the best books that explains this historic moment and describes what families are going through.”
—Senator John Edwards
“Original solutions that go beyond ideology. . . . I highly recommend to my viewers that they get THE TWO-INCOME TRAP.”
—Bill Moyers
“[Warren] argues movingly that the misery and shame of bankruptcy is as pungent as ever—it’s just more widely experienced . . . 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 regulations, among other measures.”
—Wall Street Journal
“Astounding.”
—Mortimer B. Zuckerman, editor-in-chief, U.S. News & World Report
“Warren and Tyagi argue persuasively that mass ‘over-consumption’ is not the problem . . . Moreover, the book does offer unexpectedly fresh discussions of “deadbeat dads” (it turns out there aren’t very many of them) and the credit-card industry (where the current business strategy is to get financially troubled families ‘to borrow [still] more money’).”
—National Review
“In their