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Eric Siu explains why most families now need two incomes to survive. Middle-class single-earner households once worked; today, even dual incomes leave families financially stretched and retirement uncertain.
Eric Siu explains why most families now need two incomes to survive. Middle-class single-earner households once worked; today, even dual incomes leave families financially stretched and retirement uncertain.
More and more families cannot make the numbers work without 2 incomes coming into the house. Back in the day, there was, you know, this traditional, like, 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.
