Skip to main content

View Diary: The End of Economic Growth (188 comments)

Comment Preferences

  •  Elizabeth Warren and Amelia Tyagi (2+ / 0-)
    Recommended by:
    offgrid, Superpole

    have written a book apparently on the problems of the Two-income household. I say apparently because I'm still trying to find a copy. It's called,

    The Two-Income Trap: Why Middle-Class Mothers and Fathers Are Going Broke.

    I understand their point to be that the second income has just gone to the banks as interest on mortgages and credit cards, to the cost of childcare, and to the cost of an additional car, and that families are worse off, not better off, than they were as one-income households.

    Your point that,

    The reason the slow/simple path worked at one time is because one parent was home all day-- typically mom. but mom is out in the work force now.

    is so important because we largely ignore that the parent who was at home actually performed work that was of value to the family and that the second income hasn't made up for that work or for the value of the well-being provided to children.

    •  I Will Never Ignore/Forget what My Mom Did (1+ / 0-)
      Recommended by:
      Linda Wood

      Dad: blue collar union guy working in the factory. NO domestic skills, kept the cars going, mowed the grass- until I was old enough to do it.

      Mom: stay at home mom, doing everything on the home front, totally there for my brothers and I. we had our own garden. she canned tomatos and tomato juice (great for chili and pot roast in the crock pot over the winter!!)

      We picked apples in the fall, she canned apple sauce for the winter months.

      Heh- her grocery budget? $45 bucks per week! with this a family of five ate very well. steak and lobster? no-- but three good balanced meals a day.

      As you say, the value of this for a healthy family? Immeasureable.

      I miss her and her wisdom greatly.

      "I don't feel the change yet". Velma Hart

      by Superpole on Mon Oct 03, 2011 at 11:01:48 AM PDT

      [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site