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Elizabeth Warren is the author of a book called The Two-Income Trap - which is mostly apolitical and talks about an interesting economic/statistical paradox. I
by bb2018 7y ago
Elizabeth Warren is the author of a book called The Two-Income Trap - which is mostly apolitical and talks about an interesting economic/statistical paradox.
If a man and woman make equal amounts in a marriage, they are twice as likely to undergo financially hardship as a marriage where the male is the sole breadwinner. This is because almost any couple is going to budget more than 50% of their total income regardless, so a single firing or loss of job can lead to financial hardship. It is paradoxical because a second income should provide an additional safety net, but because of the way people budget having two points of failure (even if the failure isn't as devastating) increases the odds.
I am unable to get into the original article, but I wonder if it is always the case that men's stress increases if wife earns more than 40% or if it is the case that men's stress increases when the wife earns more than 40% and less than 60%.