Challenges in Achieving the American Dream Due to Inflation and Housing Costs
Achieving the American dream has become increasingly difficult due to stubborn inflation, high housing costs, and mounting debt. A recent report found that in every state, you need to earn at least six figures to afford the 'American dream.' The costs vary across states, with Hawaii being the most expensive and Mississippi being the most affordable. Median household incomes fall well below the total costs required for the dream lifestyle.
Key Points
- Stubborn inflation and high housing costs make achieving the American dream difficult
- A recent report found that in every state, you need to earn at least six figures to afford the 'American dream'
- Costs vary across states, with Hawaii being the most expensive and Mississippi being the most affordable
- Median household incomes fall well below the total costs required for the dream lifestyle