#MoneyMindset = American Dream Is $3.4M, Can Americans Afford It?

On this episode of Money Mindset, we break down the staggering cost of achieving the American Dream, now estimated at $3.4 million. This figure includes essential life expenses like saving for retirement, buying a home, purchasing vehicles, healthcare costs, and raising children. Despite the high cost, many Americans only earn about $2.3 million over their lifetime. The primary culprits? Lifestyle inflation and a lack of proper family planning. We explore how overspending on weddings, with the average cost reaching $36,800 for the wedding and engagement ring, and taking on unaffordable mortgages contribute to financial strain. Additionally, many choose not to pay down consumer debt, further complicating their financial future. Join us as we delve into these critical issues and offer practical advice to help you navigate the financial challenges of pursuing the American Dream.