I am reading the "The two Income trap"

iVillage Member
Registered: 11-17-2007
I am reading the "The two Income trap"
25
Sat, 02-28-2009 - 10:25pm

I was in the mall today and so I stopped by the library and ask if they had a copy of the "Two Income Trap" It so happened that a copy came back yesterday evening. In fact, it was still in the cart to be put on the shelf when the woman handed it to me.


I find the book interesting but I do think that it is putting the blame on our financial troubles on the shoulders of parents and their dreams for their kids and working mothers to much. The book starts with a story of a couple who both work and the husband loses his job and the family is forced into bankruptcy.


Then Elizabeth goes on to explain why she believes this is happening more these days then when women stayed home and raised their kids compared to the families of today where the woman is out there with the men making wages. She states that when bad financial times hit a family It is the woman that first pushes the idea of going to a Credit Counselor or for her and her husband to take bankruptcy. I might agree with that statement. I think women are more in touch with the money of the family then sometime men are these days. Mine included.


According to Elizabeth "public education is the heart of the problem" I disagree it is the reason for everything.


I also do not think where a family

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iVillage Member
Registered: 11-14-2008
Tue, 03-03-2009 - 11:01am

Thanks Mary Ann,

I did mean to say regarding a car "new to me". Not new off the lot but new enough to have some warranty on it still. I like your 3 and 7 year plan. Thanks again.

I know the house is not even built yet, but gosh I love to plan and dream!! Stupid little frog! Get your butt moving!!!



iVillage Member
Registered: 02-07-2006
Tue, 03-03-2009 - 11:17am
We are house building dreamers too!
iVillage Member
Registered: 04-22-2007
Tue, 03-03-2009 - 12:27pm

I didn't read all the posts so someone may have said this already.

<a href="http://www.TickerFactory.com/debt/wsT5Uqy/"><img border="0" src="http://tickers.TickerFactory.com/ezt/t/wsT5Uqy/debt.png"></a>

iVillage Member
Registered: 11-17-2007
Tue, 03-03-2009 - 12:28pm

Make sure your house has a big laundry room I misssssss a laundry room every Monday I got a hall closet.


Mary Ann


iVillage Member
Registered: 02-07-2006
Tue, 03-03-2009 - 1:19pm
Most definitely MaryAnn!

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