The Two-Income Trap (book)

*The Two-Income Trap* by Elizabeth Warren and Amelia Warren Tyagi examines how rising household costs, especially housing and healthcare, have made it difficult for middle-class families to stay financially stable. As more families rely on two incomes, they often take on significant debt to afford homes and essentials. When one income is lost, families struggle to meet expenses, leading to debt and financial vulnerability. The book highlights systemic issues and suggests reforms to help families achieve stability without excessive debt, emphasizing that economic shifts require broader policy changes to prevent financially fragile households from falling into hardship.