SITCOMacronym.
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
Notes:
This word appeared originally in Gareth Branwyn's Jargon Watch column (Wired magazine).
