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[-] schizo@forum.uncomfortable.business 12 points 2 months ago

What I'm seeing is that if you're a childless millennial that doesn't take vacations, assumes retirement is just another way to say 'dead', and don't own a house then the American Dream is still very affordable!

[-] Diplomjodler3@lemmy.world 4 points 2 months ago

And if this is an American couple in America doing the American dream, one would expect at like, a million dollars in healthcare expenses too.

[-] Sir_Kevin@lemmy.dbzer0.com 8 points 2 months ago

No way you're raising two kids and putting them both through college for under a million. Not in today's economy and certainly not in the hellscape we'll be in 18 years from now.

[-] scytale@lemm.ee 4 points 2 months ago

I easily cut that in half by not having kids and pets (personal choice), not spending 44k for a wedding, and not spending 800k on cars. I’ve owned 3 cars over 15 years and they cost 80k total (including loan payments).

[-] soloner@lemmy.world -1 points 2 months ago

Those are some inflated numbers

[-] 0x01@lemmy.ml 6 points 2 months ago

Some of them perhaps, but the home is understated if anything, especially with interest rates in the 7% range. They're also not accounting for taxes, utilities, repairs, and insurance

home is understated if anything, especially with interest rates in the 7% range

Yeah, interest rates being this high are no joke. I bought in mid-ish 2020, and am paying 3%. Have a friend that bought a house that's roughly the same $ as mine, but his rates are 6.8something% and he pays damn near double what I'm paying which was just... shocking.

this post was submitted on 26 Oct 2024
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