The American Dream Now Costs $1 Million More Than Average Lifetime Earnings
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Achieving the American Dream now costs over $1 million more than the average lifetime salary in the U.S.
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Inflation and high interest rates have made costs like buying a home nearly $800,000 and raising 2 kids over $500,000.
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College for 2 kids can cost over $80,000 and health insurance over $900,000.
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Owning a car, home, raising kids, pets, retirement, etc. totals over $3.4 million.
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Economists call for a Fed rate cut to fight inflation worries that could cause a recession if unchecked.