How much does the American Dream really cost?
Last month, USA Today made waves by putting a price tag on the American Dream: $130,000 per year. That number seemed inordinately high to me. After I dug into how the paper arrived at that number, it became clear that there were numerous mathematical errors, none more egregious than overstating taxes by over 50%. I concluded that the average American family could live happily on an income of about $88,000.
But would it be possible to live the American Dream on an even smaller income?
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