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The Two-Income Trap

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photoMother and daughter Elizabeth Warren and Amelia Warren Tyagi have co-authored a new book on why two-income families are not better off, and why they're even more likely to file bankruptcy. The myths and realities of what is making middle class America go broke.

Guests:

Elizabeth Warren, professor of law, Harvard University and co-author of "The Two-Income Trap: Why Middle-Class Mothers and Fathers are Going Broke"

Amelia Warren Tyagi, financial consultant, McKinsey and Company and co-author of "The Two-Income Trap: Why Middle-Class Mothers and Fathers are Going Broke."

This program aired on December 26, 2003.

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