My wife is a stay at home mom and our household income is slightly less than $40k per year (we live in a small home, most homes cost $60k or so).

From 2005 to the third quarter of 2009, according to Federal Reserve estimates, American homeowners lost $7 trillion in equity -- an unprecedented evaporation of household wealth.

One is how many "strategic defaults" will occur will occur from the 25% of all mortgages, or 11.3 million households, that are underwater.

In a matter of fact, the reason that 1 in 10 household in America is upside down, is because we relied too much on leverage.Yes, if inflation or hyperinflation for that matter hits, then yes, leveraging will see the light of Day again.

The National Academy of Sciences found that the net fiscal drain on American taxpayers is between $166 and $226 a year per native household.

I became a mom and my household is on one income now.

For what it's worth both as a tenant (4 person rental household for over 8 years - we evict our OWN late-payers!)

Also, get guarantors or co-signers if there are college students in the household.

Most people that make $100K have $400K or more in household long term debt.

Children will teach themselves, in a household where learning is encouraged, and ultimately outpace those placed in a traditional school setting.