A new report from Investopedia estimates that the price tag for achieving the traditional American Dream has climbed to $4.4 million. This calculation includes key milestones such as purchasing a home, raising children, buying new cars, and taking yearly vacations.
While this hefty figure is far beyond what the average person in the U.S. will earn over their lifetime, financial experts believe that with disciplined savings habits and a two-income household, these goals can still be attainable.
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The report also advises people to tailor these aspirations to their own preferences and lifestyle, stressing the importance of crafting a personalized and comprehensive financial plan to help guide them toward achieving their version of the American Dream.
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