Does a two-income family have a harder time making ends meet than a single-income family did a generation ago? According to a new book by Harvard Law School Professor Elizabeth Warren the answer is, "yes." In "The Two-Income Trap: Why Middle-Class Mothers and Fathers Are Going Broke," Warren and her daughter, Amelia Warren Tyagi, argue that rising costs of essentials--such as housing, education and health care--are increasingly causing middle-class Americans to fall into debt.
According to the New York Times, this new research provides a, "clear-eyed correction to the myth of far-flung affluence." And Money magazine has called it, "by far the scariest book" of the summer. In the next several weeks Warren will appear on numerous news programs--including the NBC’s Today Show, Fox’s The O'Reilly Factor, and The Early Show on CBS--to discuss the book and its implications.
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