Overview
- The 'American Dream' now costs an estimated $3,455,305, according to a new analysis by Investopedia.
- Key components of the 'American Dream', such as marriage, home ownership, raising children, and retirement, have become increasingly expensive.
- The average lifetime earnings of an American with a bachelor’s degree is about $2.3 million, significantly less than the estimated cost of the 'American Dream'.
- The most expensive components of the 'American Dream' are health insurance, home ownership, retirement savings, and raising children.
- Single-earner households and those with less education are more likely to struggle financially to achieve the 'American Dream'.