• Copernican@lemmy.world
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    2 months ago

    American dream implies nuclear family life. Retirement, home ownership, and owning new cars are factored in that math. It includes the cost of having 2 kids.

    If you read the article…

    Here’s the breakdown. We’ll explain the math below.

    Retirement: $1.6 million

    Homeownership: $930,000

    Raising two kids: $832,000

    Owning new cars: $811,000

    Annual vacations: $179,000

    Wedding: $44,000

    Pets: $37,000

    Funeral: $8,000

    • David_Eight@lemmy.world
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      2 months ago

      I didn’t read it but, does it include student loans, medical bills, groceries and other basic needs?