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Eric Siu explains why most families now need two incomes to afford what one salary once provided: a house, vacations, and retirement. The middle-class single-breadwinner lifestyle is no longer within reach for most people.
Eric Siu explains why most families now need two incomes to afford what one salary once provided: a house, vacations, and retirement. The middle-class single-breadwinner lifestyle is no longer within reach for most people.
More and more families cannot make the numbers work without 2 incomes coming into the house. Back in the day, there was this traditional family. You had a man who was the breadwinner. The woman would stay at home. And a middle-class income was enough for you to buy a white picket fence house. You would have your golden retriever, your 2.5 kids. You would go on vacation twice a year. And by the time you turned 60, 65, you'd be able to retire. Great. That doesn't work for most people now.
