The Two-Income Trap

English language

Published Sept. 3, 2003

ISBN:
978-0-465-09082-2
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5 stars (3 reviews)

The Two-Income Trap: Why Middle-Class Mothers and Fathers Are Going Broke is a 2004 popular nonfiction book by Elizabeth Warren and her daughter Amelia Warren Tyagi. The book examines the causes of increasing rates of personal bankruptcy and economic insecurity in American households. It was reissued in 2016.

1 edition

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5 stars

This book was written in 2003. Elizabeth Warren didn't predict the subprime mortgage lending crisis and subsequent economic meltdown, but she was already fully aware that it was destroying the financial well-being of middle-class families. When the markets crashed in 2008, I -- like many people -- tried to make sense out of what happened, and assumed that we were all poor shmucks misled by a secretive cabal of bankers. But Warren was one of those people who were loudly gesturing toward something and everyone ignored it. Anyway, in summary: good book, great points, and Elizabeth Warren for president 2020.

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