It Now Costs 3.4 Million Dollars To Live “The American Dream” And The Gap Between The Wealthy And The Rest Of Us Is Bigger Than Ever
For a long time, it has been clear that the middle class is being systematically destroyed. The cost of living has been rising faster than paychecks have for years, and this has pushed millions of Americans into poverty. As for those that were already impoverished, many of them have been pushed out into the streets. According to the Wall Street Journal, homelessness in the United States is increasing at the fastest rate ever recorded in 2023. Anyone that thinks that we do not have a major problem on our hands simply has not been paying attention. At one time, living “the American Dream” was a goal that the vast majority of Americans could aspire to achieve, but now it is out of reach for most of the country. In fact, a report that was just released concluded that it now takes 3.4 million dollars for the typical U.S. household to live “the American Dream” over the course of a lifetime…
The so-called ‘American Dream’ is the benchmark that many people hope to achieve in their lifetime – getting married, buying a home and a car and raising children.
But new analysis has found that achieving these milestones now costs a staggering $3,455,305 – much more than most Americans will make in their lifetime.
One of the biggest amounts is for paying off a mortgage on a property. The average homebuyer will fork out $796,998, according to Investopedia – assuming a 10 percent down payment and a 30-year fixed loan at 7.2 percent interest.
Are you going to make 3.4 million dollars during your working years?
If not, “the American Dream” is not for you.
Sorry.
Today, it is only those that are at the very top of the economic food chain that are thriving.
Once upon a time, America had the largest and most prosperous middle class in the history of the world, but now the top 1 percent controls more wealth than the entire middle class…
Thirty years ago, America’s celebrated middle class commanded twice as much wealth as the upper 1%.
Over the years, the rich have grown steadily richer. The top 1% caught and passed the middle class in collective wealth in late 2020, Fed data show.
The top 1% of American earners now control more wealth than the nation’s entire middle class.
This is what happens when power and wealth are highly centralized.
The gap between the wealthy and the rest of us is now bigger than ever.
So good luck trying to live a middle class lifestyle in this environment.
http://theeconomiccollapseblog.com/it-now-costs-3-4-million-dollars-to-live-the-american-dream-and-the-gap-between-the-wealthy-and-the-rest-of-us-is-bigger-than-ever/