Earlier quoted context omitted.
Two income households are usually households that depend on two incomes. In other words instead of basing your standard of living on one income you base your standard of living on two. So both incomes are required to pay your rent/mortgage/water bill/insurance/car payments/etc. It is more fragile because 1) it encourages living well beyond your means and 2) the odds of job loss/income reduction is now doubled and the…
Thanks, I guess I should have deduced that myself. In my case both my wife and I are software engineers making really good salaries, so we definitely don't need both of us to be working. We don't even do it on purpose but looking at our lifestyle it is definitely on a level that could be sustained with only one of our salaries :)
Re: American parenting is killing the American marriage (2014)
#171Its very easy for many families to increase spending to match income without realizing it. Suddenly every expense is a "need."