Published in 2003, this book was way ahead of its time. I credit it with encouraging me to choose to focus on cash flow management and family issues in my own financial planning practice.

This revolutionary expose written by Harvard Law School bankruptcy expert Elizabeth Warren and her daughter, Amelia Tyagi, show that today’s middle-class parents are increasingly trapped by cash flow shortfalls and financial peril.

The shocking finding: sending mothers to work has made families more vulnerable to financial disaster than ever before.  Today’s two-income family earns 75% more money than its single-income counterpart of a generation ago, but has 25% less discretionary income to cover living costs.