Customer Reviews:

Avg. Customer Rating: 3.5 / 5.0

Good start, but not comprehensive:

Warren and Warren Tyagi suggest a variety of government regulation to fix "The Two-Income Trap" - the financial state where the two adults in a household both work and there is no way to get ahead, keep up or even create a safety net in the event of a layoff or medical problems. Many pages are spent discussing credit and bankruptcy regulation, for example.

It seems odd to me that little time was spent reviewing tax issues or in making suggestions for updating tax laws to address the "trap" the authors... more info

Interesting, On-Target but with One Big Hole:

Tyagi and Warren have written a highly readable, easy-to-understand analysis of the challenges facing middle-class families today.

Their comparison of costs from the late-70s/early-80s to those of today is fascinating. And their findings - that mid-income families are overextending themselves in order to get their children into safe neighborhoods with good schools, with the result that any setback (medical problems, divorce, layoffs) can mean financial disaster - is unarguable.

But the authors barely... more info

Interesting ideas, limited depth.:

The book provides interesting insight into the causes of bankruptcy and the dynamics underlying it. The serious limitations are the authors fail to address certain dimensions of the issues.

The authors rightly identify several myths about bankruptcy and rightly criticize soem of the conventional financial advice that does not address stress testing. More detail evaluation of how a families spending and saving habits may offer some protection are left out of this book. For example, examining what happens... more info

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