THE TWO INCOME TRAP WHY MIDDLE CLASS PARENTS ARE STILL GOING BROKE

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The Two Income Trap

Author : Elizabeth Warren
ISBN : 9780465097715
Genre : Social Science
File Size : 35.1 MB
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More than two decades ago, the women's movement flung open the doors of the workplace. Although this social revolution created a firestorm of controversy, no one questioned the idea that women's involvement in the workforce was certain to improve families' financial lot. Until now.In this brilliantly argued book, Harvard Law School bankruptcy expert Elizabeth Warren and business consultant Amelia Tyagi show that today's middle-class parents are suffering from an unprecedented and totally unexpected economic meltdown. Astonishingly, sending mothers to work has made families more vulnerable than ever before. Today's two-income family earns 75% more money than its single-income counterpart of a generation ago, but actually has less discretionary income once their fixed monthly bills are paid.How did this happen? Warren and Tyagi provide convincing evidence that the culprit is not "overconsumption," as many critics have charged. Instead, they point to the ferocious bidding war for housing and education that has quietly engulfed America's suburbs. Stay-at-home mothers once provided a financial safety net if disaster struck; their move into the workforce has left today's families chillingly at risk. The authors show why the usual remedies--child-support enforcement, subsidized daycare, and higher salaries for women--won't solve the problem, and propose a set of innovative solutions, from rate caps on credit cards to open-access public schools, to restore security to the middle class.
Category: Social Science

All Your Worth

Author : Elizabeth Warren
ISBN : 9780743269889
Genre : Business & Economics
File Size : 55.93 MB
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A guide to achieving financial stability and prosperity encourages new ways to think about and manage money, discussing such topics as balancing a budget, planning for entertainment, and getting out of debt.
Category: Business & Economics

A Fighting Chance

Author : Elizabeth Warren
ISBN : 9781627790536
Genre : Biography & Autobiography
File Size : 40.65 MB
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A NEW YORK TIMES BESTSELLER An unlikely political star tells the inspiring story of the two-decade journey that taught her how Washington really works—and really doesn't—in A Fighting Chance As a child in small-town Oklahoma, Elizabeth Warren yearned to go to college and then become an elementary school teacher—an ambitious goal, given her family's modest means. Early marriage and motherhood seemed to put even that dream out of reach, but fifteen years later she was a distinguished law professor with a deep understanding of why people go bankrupt. Then came the phone call that changed her life: could she come to Washington DC to help advise Congress on rewriting the bankruptcy laws? Thus began an impolite education into the bare-knuckled, often dysfunctional ways of Washington. She fought for better bankruptcy laws for ten years and lost. She tried to hold the federal government accountable during the financial crisis but became a target of the big banks. She came up with the idea for a new agency designed to protect consumers from predatory bankers and was denied the opportunity to run it. Finally, at age 62, she decided to run for elective office and won the most competitive—and watched—Senate race in the country. In this passionate, funny, rabble-rousing book, Warren shows why she has chosen to fight tooth and nail for the middle class—and why she has become a hero to all those who believe that America's government can and must do better for working families.
Category: Biography & Autobiography

The Fragile Middle Class

Author : Teresa A. Sullivan
ISBN : 9780300128147
Genre : Social Science
File Size : 70.31 MB
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Since 1997, the number of American families filing for federal bankruptcy annually has exceeded one million. By most measures, those who file are members of the middle class—a group that has long provided stability and vitality for the American economic system. This raises the troubling question: why, during the most remarkable period of prosperity in our history, are unprecedented numbers of Americans encountering such serious financial trouble? The authors of this important book analyze court records and demographic data on thousands of bankruptcy cases, as well as debtors’ own poignant accounts of the reasons for their bankruptcies. For many middle-class Americans, the findings show, financial stability is fragile—almost any setback can be disastrous. The erosion of job stability, divorce and family instability, the visible and invisible costs of medical care, the burden of home ownership, and the staggering weight of consumer debt financed with plastic combine to threaten the financial security of growing numbers of middle-class families. The authors view the bankruptcy process in the light of changing cultural and economic factors and consider what this may signify for the future of a large, secure, and dynamic middle class.
Category: Social Science

As We Forgive Our Debtors

Author : Teresa A. Sullivan
ISBN : 1893122158
Genre : Business & Economics
File Size : 31.60 MB
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Bankruptcy in America is a booming business, with hundreds of thousands of ordinary Americans filing for bankruptcy each year. Is this dramatic growth a result of mushrooming debt or does it reflect a moral decline that permits the middle class to evade their debts? As We Forgive Our Debtors addresses these questions with hard empirical data drawn from bankruptcy court filings. The authors of this multidisciplinary study describe the law and the statistics in clear, nontechnical language, combining a thorough statistical description of the social and economic position of consumer bankrupts with human portraits of the debtors and creditors whose journeys have ended in bankruptcy court. Book jacket.
Category: Business & Economics

This Fight Is Our Fight

Author : Elizabeth Warren
ISBN : 9781250120625
Genre : Political Science
File Size : 25.83 MB
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#1 New York Times bestseller The fiery U.S. Senator from Massachusetts and bestselling author offers a passionate, inspiring book about why our middle class is under siege and how we can win the fight to save it Senator Elizabeth Warren has long been an outspoken champion of America’s middle class, and by the time the people of Massachusetts elected her in 2012, she had become one of the country’s leading progressive voices. Now, at a perilous moment for our nation, she has written a book that is at once an illuminating account of how we built the strongest middle class in history, a scathing indictment of those who have spent the past thirty-five years undermining working families, and a rousing call to action. Warren grew up in Oklahoma, and she’s never forgotten how difficult it was for her mother and father to hold on at the ragged edge of the middle class. An educational system that offered opportunities for all made it possible for her to achieve her dream of going to college, becoming a teacher, and, later, attending law school. But now, for many, these kinds of opportunities are gone, and a government that once looked out for working families is instead captive to the rich and powerful. Seventy-five years ago, President Franklin Roosevelt and his New Deal ushered in an age of widespread prosperity; in the 1980s, President Ronald Reagan reversed course and sold the country on the disastrous fiction called trickle-down economics. Now, with the election of Donald Trump--a con artist who promised to drain the swamp of special interests and then surrounded himself with billionaires and lobbyists--the middle class is being pushed ever closer to collapse. Written in the candid, high-spirited voice that is Warren’s trademark, This Fight Is Our Fight tells eye-opening stories about her battles in the Senate and vividly describes the experiences of hard-working Americans who have too often been given the short end of the stick. Elizabeth Warren has had enough of phony promises and a government that no longer serves its people--she won’t sit down, she won’t be silenced, and she will fight back.
Category: Political Science

Bernie Sanders Guide To Political Revolution

Author : Bernie Sanders
ISBN : 9781250138910
Genre : Young Adult Nonfiction
File Size : 89.81 MB
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In the Bernie Sanders Guide to Political Revolution, Independent congressman, presidential candidate and activist Bernie Sanders continues his fight against the imbalances in the nation’s status quo, and shows you how to make a difference to effect the changes America—and the world—need to create a better tomorrow. Throughout the Presidential campaign, Senator Bernie Sanders promised voters a future to believe in through his progressive platform and a vision for America worth fighting for. This vision calls for an economic, environmental, health care, and social justice revolution beyond the stagnant agendas of Democrat and Republican politicians to build an equitable future for all Americans—especially the younger generation that will inherit the consequences of decisions made now. Inside this practical and inspiring guide to effecting change in today’s world, you’ll learn how to: · Understand and navigate the current system of policy and government · Work to change the system to reflect your values and to protect our society’s most vulnerable · Organize for the causes you care about most · Resources for further reading and organizations to get involved with With more than two decades of Washington D.C. insider knowledge and experience, Senator Sanders knows how to fight and change the system from within, a system desperately in need of reform in health care, immigration, taxes, higher education, climate change, and criminal justice. The political revolution is just beginning. What role will you play?
Category: Young Adult Nonfiction

The Unbanking Of America

Author : Lisa Servon
ISBN : 9780544611184
Genre : Social Science
File Size : 73.97 MB
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An urgent, absorbing exposé—why Americans are fleeing our broken banking system in growing numbers, and how alternatives are rushing in to do what banks once did What do an undocumented immigrant in the South Bronx, a high-net-worth entrepreneur, and a twenty-something graduate student have in common? All three are victims of our dysfunctional mainstream bank and credit system. Today nearly half of all Americans live from paycheck to paycheck, and income volatility has doubled over the past thirty years. Banks, with their high monthly fees and overdraft charges, are gouging their low- and middle-income customers, while serving only the wealthiest Americans. Lisa Servon delivers a stunning indictment of America’s banks, together with eye-opening dispatches from inside a range of banking alternatives that have sprung up to fill the void. She works as a teller at RiteCheck, a check-cashing business in the South Bronx, and as a payday lender in Oakland. She looks closely at the workings of a tanda, an informal lending club. And she delivers fascinating, hopeful portraits of the entrepreneurs reacting to the unbanking of America by designing systems to creatively serve many of us. Banks were once essential pillars of our lives; now we can no longer count on them to do right by us. "Required reading for fans of muckraking authors like Barbara Ehrenreich, this fascinating look at the future of money management insists that the 'unbanked' are a sector deserving of respect and solid options." —Publishers Weekly, starred review
Category: Social Science

Rise Of The Robots

Author : Martin Ford
ISBN : 9780465040674
Genre : Business & Economics
File Size : 68.1 MB
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Winner of the 2015 FT & McKinsey Business Book of the Year Award A New York Times Bestseller Top Business Book of 2015 at Forbes One of NBCNews.com 12 Notable Science and Technology Books of 2015 What are the jobs of the future? How many will there be? And who will have them? As technology continues to accelerate and machines begin taking care of themselves, fewer people will be necessary. Artificial intelligence is already well on its way to making "good jobs" obsolete: many paralegals, journalists, office workers, and even computer programmers are poised to be replaced by robots and smart software. As progress continues, blue and white collar jobs alike will evaporate, squeezing working- and middle-class families ever further. At the same time, households are under assault from exploding costs, especially from the two major industries-education and health care-that, so far, have not been transformed by information technology. The result could well be massive unemployment and inequality as well as the implosion of the consumer economy itself. The past solutions to technological disruption, especially more training and education, aren't going to work. We must decide, now, whether the future will see broad-based prosperity or catastrophic levels of inequality and economic insecurity. Rise of the Robots is essential reading to understand what accelerating technology means for our economic prospects-not to mention those of our children-as well as for society as a whole.
Category: Business & Economics

Flat Broke With Two Goats

Author : Jennifer McGaha
ISBN : 9781492655398
Genre : Biography & Autobiography
File Size : 85.26 MB
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When life gets your goat, bring in the herd Jennifer McGaha never expected to own a goat named Merle. Or to be setting Merle up on dates and naming his doeling Merlene. She didn't expect to be buying organic yogurt for her chickens. She never thought she would be pulling camouflage carpet off her ceiling or rescuing opossums from her barn and calling it "date night." Most importantly, Jennifer never thought she would only have $4.57 in her bank account. When Jennifer discovered that she and her husband owed back taxes—a lot of back taxes—her world changed. Now desperate to save money, they foreclosed on their beloved suburban home and moved their family to a one-hundred-year-old cabin in a North Carolina holler. Soon enough, Jennifer's life began to more closely resemble her Appalachian ancestors than her upper-middle-class upbringing. But what started as a last-ditch effort to settle debts became a journey that revealed both the joys and challenges of living close to the land. Told with bold wit, unflinching honesty, and a firm foot in the traditions of Appalachia, Flat Broke with Two Goats blends stories of homesteading with the journey of two people rediscovering the true meaning of home.
Category: Biography & Autobiography