The High Price Tag of the American Dream: $3.4 Million for Kids, Homes, Cars, College, and Retirement
- The lifetime cost of major life milestones like having kids, buying homes and cars, healthcare, and education now totals over $3.4 million
- Raising 2 kids to age 18 costs over $500k; college tuition for them over $80k
- Buying cars for a family over a lifetime runs over $270k
- The average lifetime cost of home ownership with a mortgage is now almost $800k
- To retire at 80% of former income requires saving over $715k