The Two-Income Trap is thick with irony. Middle-class mothers went into the workforce in a calculated effort to give their families an economic edge. Instead, millions of them are now in the workplace just so their families can break even. At a time when women are getting college diplomas and entering the workforce in record numbers, their families are in more financial trouble than ever. Partly these women were the victims of bad timing: Despite general economic prosperity, the risks facing their families jumped considerably. Partly they were the victims of optimistic myopia: They saw the rewards a working mother could bring, without seeing the risks associated with that newfound income. And partly they were the victims of one another. As millions of mothers poured into the workplace, it became increasingly difficult to put together a middle-class life on a single income. The combination has taken these women out of the home and away from their children and simultaneously made family life less, not more, financially secure. Today’s middle-class mother is trapped: She can’t afford to work, and she can’t afford to quit.
This is why I want a part-time job: we need the time someone can spend at home more than the income. Insurance being the way it is, quitting entirely is out of the question, but half-time would be fine.