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The Two-Income Trap
''The Two-Income Trap: Why Middle-Class Mothers and Fathers Are Going Broke'' is a 2004 popular nonfiction book by Elizabeth Warren and her daughter Amelia Warren Tyagi. The book examines the causes of increasing rates of personal bankruptcy and economic insecurity in American households. It was reissued in 2016. Authors At the time of publication, Elizabeth Warren was a professor of commercial law at Harvard University, specializing in bankruptcy law. Her earlier writing was primarily aimed at academic audiences. She was considered a leading figure in the then-active debate over personal bankruptcy law, in which she argued for generous access to bankruptcy protection. She would later enter politics, campaigning successfully for the creation of the Consumer Financial Protection Bureau, before being elected US Senator from the state of Massachusetts. Amelia Warren Tyagi is a management consultant formerly with McKinsey & Company. She holds a Master of Business Administration f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elizabeth Warren
Elizabeth Ann Warren ( née Herring; born June 22, 1949) is an American politician and former law professor who is the senior United States senator from Massachusetts, serving since 2013. A member of the Democratic Party and regarded as a progressive, Warren has focused on consumer protection, equitable economic opportunity, and the social safety net while in the Senate. Warren was a candidate in the 2020 Democratic Party presidential primaries, ultimately finishing third. Born and raised in Oklahoma, Warren is a graduate of the University of Houston and Rutgers Law School and has taught law at several universities, including the University of Houston, the University of Texas at Austin, the University of Pennsylvania, and Harvard University. She was one of the most influential professors in commercial and bankruptcy law before beginning her political career. Warren has written 12 books and more than 100 articles. Warren's first foray into public policy began in 1995, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cost Of Living
Cost of living is the cost of maintaining a certain standard of living. Changes in the cost of living over time can be operationalized in a cost-of-living index. Cost of living calculations are also used to compare the cost of maintaining a certain standard of living in different geographic areas. Differences in cost of living between locations can be measured in terms of purchasing power parity rates. Definition Cost of living is the cost of maintaining a certain standard of living. Changes in the cost of living over time can be operationalized in a cost-of-living index. Cost of living calculations can be used to compare the cost of maintaining a certain standard of living in different geographic areas. Differences in cost of living between locations can be measured in terms of purchasing power parity rates. Cost-of-living adjustment (COLA) Employment contracts and pension benefits can be tied to a cost-of-living index, typically to the consumer price index (CPI). A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tuition Freeze
Tuition freeze is a government policy restricting the ability of administrators of post-secondary educational facilities (i.e. colleges and universities) to increase tuition fees for students. Although governments have various reasons for implementing such a policy, the main reason cited is improving accessibility for working- and middle-class students. A tuition fee freeze is a common political goal of the Canadian student movement, especially the Canadian Federation of Students. A tuition freeze is best known as a Canadian political construct, and can accurately be applied only to other countries that offer post-secondary education at a cost. However, the practice of regulating the rates paid by consumers, a formal regulatory process known as utility ratemaking, is carried out in many countries, including the United States, where many industries are classified as public utilities. Although the classification of public utilities has changed over time, typically such businesses ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
School Voucher
A school voucher, also called an education voucher in a voucher system, is a certificate of government funding for students at schools chosen by themselves or their parents. Funding is usually for a particular year, term, or semester. In some countries, states, or local jurisdictions, the voucher can be used to cover or reimburse home schooling expenses. In some countries, vouchers only exist for tuition at private schools. A 2017 review of the economics literature on school vouchers concluded that "the evidence to date is not sufficient to warrant recommending that vouchers be adopted on a widespread basis; however, multiple positive findings support continued exploration". A 2006 survey of members of the American Economic Association found that over two-thirds of economists support giving parents educational vouchers that can be used at both government-operated and private schools, and that support is greater if the vouchers are to be used by parents with low incomes or childre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumption (economics)
Consumption is the act of using resources to satisfy current needs and wants. It is seen in contrast to investing, which is spending for acquisition of ''future'' income. Consumption is a major concept in economics and is also studied in many other social sciences. Different schools of economists define consumption differently. According to mainstream economists, only the final purchase of newly produced goods and services by individuals for immediate use constitutes consumption, while other types of expenditure — in particular, fixed investment, intermediate consumption, and government spending — are placed in separate categories (see consumer choice). Other economists define consumption much more broadly, as the aggregate of all economic activity that does not entail the design, production and marketing of goods and services (e.g. the selection, adoption, use, disposal and recycling of goods and services). Economists are particularly interested in the relationship betwee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stay-at-home Parent
A stay-at-home parent is a parent that remains at home while the other parent works outside the home. Stay-at-home parents are generally responsible for domestic chores, including childrearing. Historically, stay-at-home mothers were more common, but since the increasing presence of women in the workplace starting in the latter half of the twentieth century, stay-at-home dad A stay-at-home dad (alternatively, full-time father, stay-at-home father, house dad, househusband, or house-spouse) is a father who is the main caregiver of the children and is generally the homemaker of the household. The female equivalent is ...s have become more common. External links * Home economics Family {{parenting-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stay-at-home Mother
A housewife (also known as a homemaker or a stay-at-home mother/mom/mum) is a woman whose role is running or managing her family's home—housekeeping, which includes caring for her children; cleaning and maintaining the home; making, buying and/or mending clothes for the family; buying, cooking, and storing food for the family; buying goods that the family needs for everyday life; partially or solely managing the family budget—and who is not employed outside the home (i.e., a ''career woman''). The male equivalent is the househusband. ''Webster's Dictionary'' defines a housewife as a married woman who is in charge of her household. The British ''Chambers's Twentieth Century Dictionary'' (1901) defines a housewife as "the mistress of a household; a female domestic manager ... In British English, a small sewing kit is also sometimes called a ''huswif,'' ''housewife'' or ''hussif''. In the Western world, stereotypical gender roles, particularly for women, were challenged by t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
College Tuition In The United States
College tuition in the United States is the cost of higher education collected by educational institutions in the United States, and paid by individuals. It does not include the tuition covered through general taxes or from other government funds, or that is paid from university endowment funds or gifts. Tuition for college has increased as the value, quality, and quantity of education have increased. Many feel that increases in cost have ''not'' been accompanied by increases in quality, and that administrative costs are excessive. The value of a college education has become a topic of national debate in the U.S. History Under the Tenth Amendment to the United States Constitution, the powers of the federal government are limited to those mentioned explicitly in the Constitution. As education is not mentioned, educational policy and schools are state matters in the United States. The federal government operates military academies, but there is no national university nor national ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Child Care
Child care, otherwise known as day care, is the care and supervision of a child or multiple children at a time, whose ages range from two weeks of age to 18 years. Although most parents spend a significant amount of time caring for their child(ren), child care typically refers to the care provided by caregivers that are not the child's parents. Child care is a broad topic that covers a wide spectrum of professionals, institutions, contexts, activities, and social and cultural conventions. Early child care is an equally important and often overlooked component of child's developments. Care can be provided to children by a variety of individuals and groups. Care facilitated by similar-aged children covers a variety of developmental and psychological effects in both caregivers and charge. This is due to their mental development being in a particular case of not being able to progress as it should be at their age. This care giving role may also be taken on by the child's extended f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Education In The United States
Education in the United States is provided in public and private schools and by individuals through homeschooling. State governments set overall educational standards, often mandate standardized tests for K–12 public school systems and supervise, usually through a board of regents, state colleges, and universities. The bulk of the $1.3 trillion in funding comes from state and local governments, with federal funding accounting for about $260 billion in 2021 compared to around $200 billion in past years. Private schools are free to determine their own curriculum and staffing policies, with voluntary accreditation available through independent regional accreditation authorities, although some state regulation can apply. In 2013, about 87% of school-age children (those below higher education) attended state-funded public schools, about 10% attended tuition and foundation-funded private schools, and roughly 3% were home-schooled. By state law, education is compulsory over an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Health Insurance In The United States
Health insurance in the United States is any program that helps pay for medical expenses, whether through privately purchased insurance, social insurance, or a social welfare program funded by the government. Synonyms for this usage include "health coverage", "health care coverage", and "health benefits". In a more technical sense, the term "health insurance" is used to describe any form of insurance providing protection against the costs of medical services. This usage includes both private insurance programs and social insurance programs such as Medicare, which pools resources and spreads the financial risk associated with major medical expenses across the entire population to protect everyone, as well as social welfare programs like Medicaid and the Children's Health Insurance Program, which both provide assistance to people who cannot afford health coverage. In addition to medical expense insurance, "health insurance" may also refer to insurance covering disability or l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Labor History Of The United States
The labor history of the United States describes the history of organized labor, US labor law, and more general history of working people, in the United States. Beginning in the 1930s, unions became important allies of the Democratic Party. The nature and power of organized labor is the outcome of historical tensions among counter-acting forces involving workplace rights, wages, working hours, political expression, labor laws, and other working conditions. Organized unions and their umbrella labor federations such as the AFL–CIO and citywide federations have competed, evolved, merged, and split against a backdrop of changing values and priorities, and periodic federal government intervention. In most industrial nations, the labor movement sponsored its own political parties, with the US as a conspicuous exception. Both major American parties vied for union votes, with the Democrats usually much more successful. Labor unions became a central element of the New Deal coalitio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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