The ‘American Dream’ of 2 Kids, a House and a Car Now Costs $3.4 Million

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The classic “American Dream” — marriage, two kids, homes, healthcare, cars and education — is now an estimated $3,455,305 over the course of a lifetime, according to a new study from Investopedia.

The key element of the study is that anyone can rise from “rags to riches,” enjoying upward mobility and becoming financially successful, according to Corporate Finance Institute. While this was attainable for the average American for most of the 20th century, things have become a lot more expensive.

Most Americans don’t earn $3.4 million. In fact, they earn more than $1 million less. The average lifetime earnings of Americans across all education levels is $2.3 million, according to Georgetown University Center on Education and the Workforce.

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www.gobankingrates.com/money/economy/the-american-dream-of-kids-a-house-and-a-car-now-costs-millions/

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