Mmastodon BusinessFinance first seen 4 d ago, last 4 d ago, peak #6
The American Dream now costs over $5.3 million
Original: The ‘American Dream’ Now Costs More Than $5.3 Million - The “American Dream” costs about $5.3 million over a lifetime, u
A new estimate puts the lifetime cost of achieving the American Dream at roughly $5.3 million, up 4.1% from last year and rising faster than wages. Home ownership, new cars and retirement costs account for most of the total. Commentators say the figure highlights how far out of reach traditional middle-class milestones have become for ordinary earners.
Why now: The rising cost of home ownership, cars and retirement is fueling debate about affordability and stagnating wages.
Evidence
- The ‘American Dream’ Now Costs More Than $5.3 Million - The “American Dream” costs about $5.3 million over a lifetime, up 4.1% from last year’s updated total and *faster than wages grew*. The costs of owning a house, paying for new cars and retirement expenses make up nearly… · CharlieMcHenry@connectop.us · 2
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