Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Like when dman asked someone, "Did it take 2 people working full-time in 1971 to afford a house?" Nobody answered.
I have not yet break this book, but there is a title by Elizabeth Warren, now head of the committee that was supposed to be put in place when the first bailout was passed, but sadly was not until two months later and the money-grab-without-strings was well under way. The title of the book is:
"The Two-Income Trap: Why Middle Class Mothers and Fathers Are Going Broke." It was written in 2003? How many read it? Probably not many. The rose-colored glasses that people have been viewing their world through, and the credit cards and home equity loans were still in full swing. A lot of people, I would gather, really did not know they were not as well off as they thought. Now it's all gone and, like I have been doing for years, they are now trying to get by on their paychecks and it's not working.
I have not yet break this book, but there is a title by Elizabeth Warren, now head of the committee that was supposed to be put in place when the first bailout was passed, but sadly was not until two months later and the money-grab-without-strings was well under way. The title of the book is:
"The Two-Income Trap: Why Middle Class Mothers and Fathers Are Going Broke." It was written in 2003? How many read it? Probably not many. The rose-colored glasses that people have been viewing their world through, and the credit cards and home equity loans were still in full swing. A lot of people, I would gather, really did not know they were not as well off as they thought. Now it's all gone and, like I have been doing for years, they are now trying to get by on their paychecks and it's not working.
I previewed that book on Amazon. It looked good. TY for reminding me about it! Another author I would recommend is Barbara Ehrenreich. I read two of her books. One is called "Nickel and Dimed: On (Not) Getting By in America" and examines what it is REALLY LIKE to live on the minimum wage in America. The author goes undercover and attempts to eke out a living while working as a waitress, hotel maid, house cleaner, nursing-home aide, and Wal-Mart associate in different parts of the country. It was really interesting. The other book I read by her was "Bait and Switch : The (Futile) Pursuit of the American Dream," where she goes undercover again, this time as a middle-aged professional trying to get a white-collar job in corporate America. Very revealing and relevant for more and more Americans who are finding themselves in that situation today.
A friend pointed me at this graph... The economist referenced, Robert J. Shiller, has all sorts of interesting information about the economy on his site.
A friend pointed me at this graph... The economist referenced, Robert J. Shiller, has all sorts of interesting information about the economy on his site.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
