American Families Under Water: The Politics of Families in Distress


Elizabeth Warren reveals new data on the economic plight of middle-class families. Her shocking and disturbing findings reveal that today's two-income family earns 75% more than its single-income counterpart a generation ago, but actually has less to spend. Having a child is now the single best predictor that a woman will end up in financial collapse. In fact, the average middle-class family can no longer buy a home unless both parents work. Sadly enough, this year more children will live through their parents' bankruptcy than their parents' divorce.


The New America Foundation
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  • Elizabeth Warren
    Co-author, THE TWO-INCOME TRAP and Leo Gotlieb Professor of Law, Harvard Law School

  • Michael McCurry
    Former White House Press Secretary, Partner, Public Strategies Inc. Washington; and Chairman, Grassroots Enterprise

  • Karen Kornbluh
    Director, Work and Family Program, New America Foundation