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Add the expense of having kids.
Add the expense of looking after parents.
Add the expense of healthcare costs.I would guess all of these are included in the 4.4 million
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
I didn’t read it but, does it include student loans, medical bills, groceries and other basic needs?
