More Families Sinking
There’s nothing new or exotic about the problems faced by American families today. Jobs have come and gone, couples have broken up, and illnesses and injuries have been facts of life since the first caveman kissed the first cavewoman good-bye and headed off to the hunt. But the Two-Income Trap compounded the ordinary risks of daily life. With Mom in the workplace and the family’s safety net forfeited, a short-term job loss or a medium-sized illness now poses a far greater menace to a family that has no reserves. It takes less to sink these families; as a result, more of them go under.
— Elizabeth Warren & Amelia Warren Tyagi, The Two-Income Trap
