The Two-Income Trap

Why Middle-Class Parents Are Going Broke
Narrated by: Julie Eickhoff
Length: 7 hrs and 10 mins
Categories: Money & Finance, Economics
4.5 out of 5 stars (251 ratings)

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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.

What listeners say about The Two-Income Trap

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Read All Your Worth Insteas

The book is very good. It is a bit dated. Their other book, All Your Worth, contains most of the same information in addition to more extensive financial advice. I would recommend that one if you are evaluating their books.

7 people found this helpful

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Good & Relevant Info!

Listened to on audio. Very engaging and still relevant to present times, accounting for the changes in America's borrowing landscape. Authors highlighted relevant research and debunked some financial myths prevalent in society. Highly recommend this book!!!

1 person found this helpful

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Excellent!

Should be required reading for every college student! I'm going to recommend this book to everyone.

1 person found this helpful

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Must Read

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

2 people found this helpful

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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.

2 people found this helpful

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Corrupt government must be stopped

Elizabeth and Amelia do a great job of laying out why our middle class is going down the drain in the US. If we don't sit up and take notice of how government deregulation is making life harder for the average American, and do something to change that, we will have no one to blame but ourselves.

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How we got into a financial rut as women

Loved this book, the narrator was a bit dull though. however, the content made up for it!

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Perceptive, incisive and as relevant as ever

Despite the fact that this book is over a decade old, it's premise is as perceptive and incisive as ever.

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Nice.

insightful insightful insightful insightful
ins. insightful insightful insightful insightful
ins. insightful insightful insightful insightful
ins. insightful insightful insightful insightful
ins. a b c s e f g h

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Great book...monotone narrator

Great book and interesting information, but monotone voice of the narrator made me drift in and out at times.