How do you achieve the “American Dream” on less than $130K?
The “American Dream”–the belief that with hard work, you can achieve success and provide a better life for your kids–may be inspiring, but in real-life terms, it’s also super expensive. An analysis shows that to actually live the American Dream, complete with owning a home, affording medical care, saving for retirement and taking an annual vacation, the average family of four needs to rake in just over $130,000 a year. (And that’s assuming you only have one car.) Only around one in eight households earned $130,000 or more in 2013; the median household income last year was $51,000.
How do you do it on less? Tell us here and 6:45 tomorrow morning.