The American Dream Costs $4.4 Million

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.
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10 sats \ 0 replies \ @flat24 1 Nov
Thank you for sharing this, it is a great example of the decline of the dollar and how every year life becomes more expensive and more difficult, measured in Fiat obviously, because if we measure our existence in hard money "Another Rooster 🐓 Would Sing"
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Retiring $1.6M 🤣🤣🤣 I guess if you live in a trailer and watch Netflix all day
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At least we get a good deal on the dying part.
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