SITCOM
acronym. Single Income, Two Children, Oppressive Mortgage. The natural evolution of upwardly-mobile couples who have children and then one spouse stops working to raise the kids.

Example Citation:
"People cash out to work at home partly because corporations aren't offering quality child care. The two-income family may still be the time-pressed norm, but according to Barron's, SITCOMs are on the rise."
—"Popcorn-Speak," The Dallas Morning News, May 14, 1996

Earliest Citation:
SITCOMs (Single Income, Two Children, Oppressive Mortgage)
What yuppies turn into when they have children and one stops working to be with the kids. The true martyrs of Reaganomics, as characterized in The Economist.
—Gareth Branwyn, “Jargon Watch,“ Wired, October 1, 1994

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