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Posted on 12/07/2023 11:07:33 AM PST by bitt
The classic "American Dream" including two kids, a house, and car costs more than most make in a lifetime.
The American Dream now costs $3,455,305—that's the estimated lifetime cost of common milestones including marriage, two children, homes, healthcare, cars, and education.
The cost of raising two children to the age of 18 is now estimated at over half a million dollars ($576,896). The average lifetime cost of a home including a mortgage with a 10% down payment and a 30-year fixed rate of 7.2% is now about $796,998, according to Investopedia's analysis.
The American Dream now costs $3,455,305—that's the estimated lifetime cost of common milestones including marriage, two children, homes, healthcare, cars, and education. The American Dream was one of Investopedia's top searched terms of the year, and is typically used to refer to major aspirational events and purchases like buying a home and car, getting married, having kids, and economically prospering. But rising costs have made the typical "American Dream" out of reach for many. In fact, the average lifetime earnings of Americans across all education levels is approximately $2.3 million 1 —that's over one million short of the estimated cost of the American Dream.
(Excerpt) Read more at investopedia.com ...
I’m so thankful to God (and my husband’s relatives) for our crummy little fixer upper. It’s not a mansion; I can wait for Heaven for that. But it’s paid for and the taxes are practically non-existent. We purchased it from his Aunt, who practically gave it away, and another fixer upper from his cousin that we’re giving to my son. I’ve never been in love with money, but even with the above, prices are getting way out of hand for us. A humble pot roast is now $5-$6 a pound. I think there’s also price gouging. (And I really don’t need to hear from the FReepers who think any price, no matter how high is good business. There’s good business, then there’s greed).
LOL! Did she win the lotto at 22?
I wonder what they use to measure that.
What do they allow for essentials and extras? Does that include electronic gadgets? Private schooling? The latest trendy designer clothes?
How big of a house and how many and how new the cars?
I’d leave off the final $7,848 for the funeral. That’s somebody else’s problem.
No. Masters in engineering, going for a second master’s degree. Works in medical device manufacturing.
Her boyfriend has 2 undergrad degrees and 2 master’s degrees including an MBA.
I suspect perhaps 3 times that many...❓ ... and growing❗ Plus don't forget all the invaders being supported by our tax {?} dollars. What happens when the goose that lays the golden egg dies - which it is destined to do?
Go away, bother someone else with your BS.
You’re probably right. 10 million homeless was just a guess...Could be close to 30 million. I dunno...
BS?
LOL
Everything I said is true. Why so bitter?
And let me guess, she did all that by the time she was 22...lol
Yep, your offspring is so typical of todays America. You guys are just too good.
100% cowflop.
3.4 Million divided by 30 years (average career) is $111,346.67 per year.
The average US income is $31,133 per year.
I think I see a problem here.
No. She was 25 when she bought the duplex. 27 when she bought her home.
Both were fixed uppers.
She works hard and smart. Proud of her.
Yep...Even at 50k per year, after taxes that’s what, 34K?
The young folk are screwed...So sad.
.
The only real alternative to making this work is NOT to live in New York, California or any liberal city or state.
If you believe that, you'll believer anything.
Tell me, why aren't 25 year old's buying homes, getting married and having babies if it's all so reasonable?
That’s most of the country since there is no such thing as a major city which is conservative. All major cities are run by leftist.
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