The Two Income Trap
The Two Income Trap what happened to the good ol days? Women who have been employed 80% of the time since the are twice as likely to divorce as their stay-at-home counterparts. birth of the first child 1950's PRESENT DAY $5,000 Median Income $40,000 PER HOUSEHOLD PROBABLY ONE INCOME adjusted for income, at current levels they earned the equivilant of PER HOUSEHOLD PROBABLY TWO INCOME $42,526 per household per year 15% Own More Than 1 Car 31% OFhouseholds Of households 2.5% Unemployment Rate 8.3% AND AVERAGE DURATION OF UNEMPLOYMENT average duration of unemployment: 12 weeks average duration of unemployment: 12 weeks 34% Women in The Workplace 50% 3.5 Size of Family 2.5 Less than $100 Annually, approximately Healthcare Costs $15.000 per year adjusted for inflation $850 paid through employer $0.27 $3.57 Price of Fuel per gallon adjusted for inflation, costs were around per gallon $2.57 983 Average Home Size 2,349 square feet square feet PERCENTAGE OF INCOME SPENT ON HOUSING 22% 43% Two Income Families are almost always worse off than their single income counterparts were a generation ago. Even though they earn 75% more income Why? So many fixed costs are rising (ADJUSTED FOR INFLATION) HEALTH CARE CHILD CARE FINDING A GOOD HOME SCHOOL up 1,665% from 1950 up 102% from 1950 new home prices, up 215% from 1950 up 665% from 1950 sources: thepeoplehistory.com/1950s.html bls.gov/opub/mlr/2002/05/artzfull.pdf davemanuel.com/inflation-calculator.php blog.tradingcradles.com/tag/affording-a-baby research.stlouisfed.org/fred2/data/UNRATE.txt census.gov/construction/nrs/pdfE/newressales.pdf motherjones.com/politics/2004/11/two-income-trap nytimes.com/2006/09/27/business/27leonhardt.html archives.upenn.edu/histy/features/tuition/1950.html yesiamcheap.com/2011/08/cost-of-living-1950-compared-to-2011 theeconomiccollapseblog.com/archives/america-1950-vs-america-2012 whitehouse.gov/sites/default/files/email-files/womens_report_final_for_print.pdf nytimes.com/2011/09/28/business/health-insurance-costs-rise-sharply-this-year-study-shows.html flcourier.com/2012/05/10/the-real-help-wasnt-like-the-movie-florida-courier-editors-mom-tells-of- being-harassed-treated-like-an-animal/ presented by: paydayloan.co.uk If either parent loses their job, there is little to fall back on. developed by: nowsourcing.com In the past, the non-working parent was the safety net.
The Two Income Trap
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