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Today, the rising cost of living is making the American dream increasingly difficult to achieve.
While pandemic-led wage growth boosted real incomes, it followed five decades of stagnant wage increases. At the same time, housing prices have soared. Pushing up prices is a limited supply of homes, with home construction plummeting 55% compared to 2006. Together, these broad economic forces have made it harder to get ahead, even with a competitive salary.
This graphic shows the estimated cost of the American dream per household over the course of their lifetime, based on analysis from Investopedia.
Click here to read the complete, original article By Dorothy Neufeld on Visual Capitalist
Source: Visual Capitalist
