Want a dream? Do you have $5 millions?

[theking]

The American dream now costs $5 million. Here's a breakdown

The American dream, once a shared aspiration for many, now comes with a staggering cost of $5 million over a lifetime. This figure encompasses various components, including homeownership, retirement, raising children, weddings, new cars, healthcare, and owning pets. The breakdown of these costs is as follows:
Homeownership: Nearly $958,000
Retirement: Over $1.6 million
Raising Children: Including college expenses, around $876,092
New Cars: Approximately $900,346
Healthcare: About $414,208
Owning Pets: $39,381
Weddings: Average of $38,200
Annual Vacations: Totaling $180,621
To achieve these milestones, a college-educated, dual-income household is necessary. The average American with a bachelor's degree will earn about $2.2 million less over their lifetime than the cost of the American dream, highlighting the economic challenges faced by many in achieving this dream.