two income families - CathNews New Zealand https://cathnews.co.nz Catholic News New Zealand Mon, 16 Jul 2012 03:55:17 +0000 en-NZ hourly 1 https://wordpress.org/?v=6.7.1 https://cathnews.co.nz/wp-content/uploads/2020/05/cropped-cathnewsfavicon-32x32.jpg two income families - CathNews New Zealand https://cathnews.co.nz 32 32 70145804 Price of progress hurts Kiwis - two incomes have trapped many families https://cathnews.co.nz/2012/07/17/price-of-progress-hurts-kiwis-two-incomes-have-trapped-many-families/ Mon, 16 Jul 2012 19:30:22 +0000 http://cathnews.co.nz/?p=29785 The rampant cost of living means two-income families are increasingly worse off than single-income families were a generation ago - and it is threatening to put them under. While median incomes and the number of women in the workforce has risen substantially, the money that families are putting into servicing the long-term commitments of a Read more

Price of progress hurts Kiwis - two incomes have trapped many families... Read more]]> The rampant cost of living means two-income families are increasingly worse off than single-income families were a generation ago - and it is threatening to put them under.

While median incomes and the number of women in the workforce has risen substantially, the money that families are putting into servicing the long-term commitments of a standard middle class lifestyle - comprehensive health insurance, a house in the right suburb and investment in education - has soared.

"It is increasingly clear that two incomes have trapped many families under a mountain of long-term financial commitments," said economist Gareth Morgan.

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Price of progress hurts Kiwis - two incomes have trapped many families]]> 29785