Tag Archives: Money

Busting Stereotypes about Families and Money

On the surface it seems puzzling. Over the past 30 years we’ve gone from a majority of single income families with children to a majority of families with two incomes. Yet, as you’re probably aware, families are saving less and have more debt than ever. As a result they’ve been hit hard by the current recession.

But why? If two-parent families now have two incomes, and more money, why aren’t they wealthier than ever?

Elizabeth Warren, Professor of Law at Harvard and the Chair of the Congressional Oversight Panel for the U.S. banking bailout, wondered too, and then went to find the data. Continue reading

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Filed under Assumptions about Mothers, Economy, Fatherhood, Money