The New Money Rules

by Sarah Bennett-Astesano


An interview with Amelia Warren Tyagi, co-author of The Two-Income Trap and All Your Worth, reveals sobering financial realities for American families – and gives them tools to cope.






Read more about
The New Money Rules:
 
  • Improving Your Odds for Financial Stability

  • If Financial Disaster Strikes …

  • The Truth About Getting In & Out of Credit-Card Debt

  • My Generation: Risk, Security and Savings
    • Does it feel as if the things that have traditionally defined the middle class – home ownership in a community with good public schools, the promise of financial security – are no longer within your reach? If so, you’re not alone.

    “Real estate values have skyrocketed at the same time that we’ve been trying to secure careers and raise a family,” says Amy Bebergal, the mother of a 3-year-old boy. “We struggle to pay rent, are not able to save, and it doesn’t look like we will be homeowners for a very long time to come.”

    If you’re already a homeowner, do you feel insecure about what you’ve got? Karen Daniels, a mother of two daughters, ages 2 and 5, has a good job and she and her husband own their apartment, but she still can’t relax. “My husband’s salary just covers our major expenses: mortgage, utilities, phone and insurance. Without my salary we wouldn’t be able to eat, send our daughters to preschool, or save any money,” Daniels says. “I really don’t know how my parents did it.”

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