Beware the High-Yield Siren Song
Once upon a time in America, a married couple could afford to have one spouse stay at home and take care of domestic responsibilities while the other spouse went out and earned the income. And while that scenario does still exist today, it’s far less common than it was 30 or 40 years ago. It would seem plausible that having two incomes instead of one would make a family more financially secure. This is true, but only to an extent – especially for affluent households. In fact, having two working spouses may in some cases have an adverse effect on a family’s financial situation.