Anonymous wrote:

Anonymous wrote:"That said, yes, I do think when an "emergency" hits a dual income trap family--like a child or parent is really sick and needs constant care requiring someone to take extended leave or some other really bad thing--they have no financial or emotional cushion. Since no one is home on a regular basis whose "job" it is to deal with such things, I think it hits dual income trap people a bit more."

I disagree. Because we both work full time, we have access to two networks of emergency backup care. We can both work at home occasionally. Why would two jobs mean we have no financial or emotional cushion? Because neither of us SAH, we both have the "job" to deal with such things, depending on who has the more flexible schedule that day. And we get paid to handle our personal lives since we can use leave

i don't think they are talking child sick in terms of staying home for a day with a cold, but more if one parent needed to be available on an almost full time basis because of a medical emergency or illness or special need. Sure if you have enough income you can hire someone to be with your child through all that however most parents would want to be with their child meaning one has to give up income, leaving them with one income and double income expenses.

Anonymous wrote:Are we the only ones who really need both incomes to live a decent standard of living here? (Both incomes around $75k) both jobs are stable, but we really could not have bought a house based on one income.

Anonymous wrote:"That said, yes, I do think when an "emergency" hits a dual income trap family--like a child or parent is really sick and needs constant care requiring someone to take extended leave or some other really bad thing--they have no financial or emotional cushion. Since no one is home on a regular basis whose "job" it is to deal with such things, I think it hits dual income trap people a bit more."

I disagree. Because we both work full time, we have access to two networks of emergency backup care. We can both work at home occasionally. Why would two jobs mean we have no financial or emotional cushion? Because neither of us SAH, we both have the "job" to deal with such things, depending on who has the more flexible schedule that day. And we get paid to handle our personal lives since we can use leave

Anonymous wrote:Are we the only ones who really need both incomes to live a decent standard of living here? (Both incomes around $75k) both jobs are stable, but we really could not have bought a house based on one income.

Anonymous wrote:I think one other aspect to people in the dual income trap (not everyone with two working parents is trapped), is the emotional toll it can take. If two parents are working and have fixed expenses (mortgage, car payment, childcare) that puts them on the financial edge, then other things they want or need to do can become very stressful. Since both are working, there is pressure on both to be fabulous at work and fabulous parents and I think that stress can be so hard. The same can be true for a single parent or even a one income household that has stretched and where one parent works and the other won't or can't. As I type, it seems like the "trap" can happen to any combination but the result of the trap isn't just financial. I think it impacts family relations, health, etc. That said, yes, I do think when an "emergency" hits a dual income trap family--like a child or parent is really sick and needs constant care requiring someone to take extended leave or some other really bad thing--they have no financial or emotional cushion. Since no one is home on a regular basis whose "job" it is to deal with such things, I think it hits dual income trap people a bit more. It is all about avoiding living at the edge financially.