The two-income trap

In this book, Elizabeth Warren and Amelia Warren Tyagi reveal how the financial stability of middle-class families has deteriorated despite the increase in dual incomes.

They argue that the rise in fixed living expenses, such as housing and education costs, and the decline in employment security have created a 'two-income trap.

' The authors propose several policy solutions, including subsidized daycare, school vouchers, tuition freezes for public universities, and stricter credit regulations to mitigate these financial pressures.

The book challenges the 'overconsumption myth' and highlights the need for institutional changes to support middle-class families.