Book of the Month - The Two Income Trap

FACTS Book of the Month is, “The Two Income Trap: Why Middle-Class Mothers and Fathers Are Going Broke”, co-authored by mother and daughter Elizabeth Warren and Amelia Warren Tyagi. As this country is moving toward a change in economic policy individual families cannot totally expect the government to make direct financial changes within their families. It is everyone’s individual responsibility to make conscious financial choices and to responsibly manage one’s own finances.

“The Two Income Trap” will help you to do just this! Authors Warren and Tyagi essentially prophesied about the mortgage meltdown and credit crisis. As more and more Americans are fighting for a middle class lifestyle they are mortgaging their family’s future. Given the fact that most Americans buy homes to be in a more competitive school district and safer communities they are assisting the government in not making it a higher priority to correct the problems of the communities that Americans are running from.

The mother and daughter duo also bring to light the increasing amount of families that depend on a dual income, which ultimately result in increased spending by committing to a middle class lifestyle. This book will not bring about a dull moment and will allow you to reflect on your personal situation and the many financial choices that you have made. Know the FACTS!