Katrina's Reviews > The Two-Income Trap: Why Middle-Class Mothers and Fathers Are Going Broke

The Two-Income Trap by Elizabeth Warren
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Mar 02, 12

Read in March, 2012

being a mom is the primary risk factor of filing bankruptcy. chew on that.

i'll be the spoiler and sum up her assessment. two incomes are great, as long as you don't use the second income to bankroll higher fixed expenses. don't take out a two income mortgage. in a stroke of counter-intuitive genius, her study showed that two income households are twice as likely to suffer one of the events that lead to bankruptcy. double the risk of illness, divorce, and unemployment.
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