There have been a number of posts debating whether one parent (well, CH mentality means the mother) should be at home with the kids.
Not many posts have touched the finances of having one parent at home.

Putting aside the populist attack on the banking sector, there is some thruth in the statements.

To add to the above, the tax system is counting on two-income families. Next to interest rates, taxes are the highests expense for a family.

It is a misconception that two incomes are needed to buy all those flat screen TVs, Lacoste shoes and Bali holidays. Money go to taxes, interest payments for house and education for the childeren. The middle class is collapsing under the burden.



If the above does not work, klick here.
Take the time to watch, it is really interesting lecture by the Elizabeth Warren who teaches contract law, bankruptcy, and commercial law at Harvard Law School. She is an outspoken critic of America's credit economy.