Successfully Living on One Income: 12 Tips and Strategies
The number of U.S. households with dual income has risen from 51.9% in 2010 to 53.3% in 2019. According to the Bureau of Labor Statistics, however, 61.1% of married couples with children have both parents working. At least one parent in 97.4% of married-couple families with children was employed in 2022, and 65.0% of these families had both parents employed. Of course, this isn’t all that shocking. MagnifyMoney senior content director Ismat Mangla points out that dual-income households in the U.S. have been increasing for decades. As a result, it is not surprising that this trend has continued...