Two-Income Trap by Elizabeth Warren & Amelia Warren Tyagi
Author:Elizabeth Warren & Amelia Warren Tyagi [Warren, Elizabeth & Tyagi, Amelia Warren]
Language: eng
Format: epub
Tags: Personal Finance
ISBN: 0465090907
Amazon: B003PJ6UKC
Publisher: Basic Books
Published: 2004-08-17T04:00:00+00:00
And so it was that family spending was transformed in a single generation. In the late 1970s and early 1980s, consumer lending was deregulated, launching a complicated, potentially dangerous product on an unsuspecting public. The timing could not have been worse. Just as corporations were downsizing across America, just when a bidding war for decent family housing was heating up, and just when families lost the all-purpose safety net once provided by the stay-at-home mother, easy credit flooded in, looking just like a life raft to the family that was drowning.
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