I’ve heard it for years: ”It only took one income to live comfortably in the 50′s and 60′s. Today, it takes two incomes just to get by.” This comparison is used to prove claims of increasing inequalities in income and wealth. It is used to bash employers for stagnant wage growth. It is one justification [...]
I have had radically different experiences with regard to financial success in my two marriages. The first marriage was marked by financial chaos, the second by financial stability. I am the common element in both marriages, so it must have been my spouses who determined the financial outcomes of the relationships. I married for the [...]
Dual-earner couples put themselves on a path to financial hardship when they base their standard of living on a combination of both incomes. Sooner or later, one of the partners will either lose his or her income or experience a substantial reduction in earnings. When that happens, financial problems and pressures can multiply rapidly: Saving [...]
