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 70% of the overall total.
Healthcare and car ownership prices were little changed from last year, but up substantially from five years ago.
The cost of the American Dream is rising faster than our paychecks can cover it.
That's according to an Investopedia ***** ysis of eight classic milestones: owning a home, buying new cars, raising two children and sending them to college, retiring, paying for healthcare, having a wedding, owning pets, and taking a yearly vacation. The lifetime tab, $5.3 million, is up 4.1% from a year ago. By comparison, private-sector wages and salaries in the 12 months through June rose 3.1%, according to the Bureau of Labor Statistics' Employment Cost Index.
#dream #last #total
The costs of owning a house, paying for new cars and retirement expenses make up nearly 70% of the overall total.
Healthcare and car ownership prices were little changed from last year, but up substantially from five years ago.
The cost of the American Dream is rising faster than our paychecks can cover it.
That's according to an Investopedia ***** ysis of eight classic milestones: owning a home, buying new cars, raising two children and sending them to college, retiring, paying for healthcare, having a wedding, owning pets, and taking a yearly vacation. The lifetime tab, $5.3 million, is up 4.1% from a year ago. By comparison, private-sector wages and salaries in the 12 months through June rose 3.1%, according to the Bureau of Labor Statistics' Employment Cost Index.
#dream #last #total
4 days ago
