I went for a bike ride with a friend today and in the course of conversation, he mentioned that it was getting harder to support a family on a single income. More and more the economy is becoming a two income economy.
I don't know for sure what that means. I suppose it means that it takes two incomes to support a family these days. But does it? Is the economy so tight that it requires two jobs to survive or is it that our culture entices us to buy so much stuff that we need two incomes to afford it?
On a certain level I find it hard to believe that we need to have two incomes so survive. What do people do that requires that much money? I make ~$30,000/year and my wife doesn't work outside of the home. While we aren't putting as much in savings as I would like, we have enough to support our family of 6.
On a similar note, we have someone at work who is coming in to do financial management seminars for interested individuals. I find it interesting that we find people who make tons of money (I'm talking about you Suze) to tell us how to set a budget. People who make six figure incomes generally have a different understanding of budgeting than those who have to decide between fresh vegetables and putting gas in the car.
While there is certainly nothing wrong with making money or even making a lot of money, I think that we can all work to better understand the true needs in life versus the wants.