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Elizabeth Warren's Two Income Trap argues that families in order to afford living in the best neighborhoods with the best schools moved to two income families.
by meowfly 9y ago
Elizabeth Warren's Two Income Trap argues that families in order to afford living in the best neighborhoods with the best schools moved to two income families. The result was that this priced out single income families from good neighborhoods with good schools.
I believe DINK is less about lifestyle as much as it is about obtaining purchasing power that exceeds dual income families with children. IIRC, the USDA put the cost of your first child at $250k over 18 years and that did not include college.
$250,000 is a lot of money towards a home on a 30 year mortgage. I worry that couples who want children will be priced out almost completely by DINKs.