A Cool Guide (yikes!) to the Cost of “The American Dream”

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A Cool Guide (yikes!) to the Cost of “The American Dream”

A Cool Guide (yikes!) to the Cost of “The American Dream”

Source: https://www.voronoiapp.com/wealth/The-American-Dream-Costs-44-Million---2786

Key Takeaways:

  • The cost of the American dream exceeds the average lifetime salaries of both men ($3.3 million) and women ($2.4 million) with a Bachelor's degree.

-For a 20-year retirement, it takes $1.6 million in savings, assuming a 4% annual withdrawal rate and inflation averaging 2.5% per year.

-As a core part of the American dream, owning a home has increasingly grown out of reach, with 77% of U.S. households now unable to afford a median-priced home.

submitted by /u/Future_Perfect_Tense
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