Outside of housing, healthcare, daycare, education and transportation the two income household of today consumes less then a single income household in the 1970

Outside of housing, healthcare, daycare, education and transportation the two income household of today consumes less then a single income household in the 1970’s. The spending is different, with households today spending less on things like china or formal clothes but net it all out and it is less. Housing is larger but also older and mostly driven by proximity to good schools. It is hard to consider the other expenses discretionary. This was the conclusion a Elizabeth Warrens research summarized in The Two Income Trap.