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We Can't Afford To Live The American Dream

Published: Tuesday, May 17, 2016 @ 7:00 PM
Updated: Wednesday, May 18, 2016 @ 3:01 PM
By: Courtesy of MoneyTips.com

MoneyTips

What does the "American Dream" mean to you? Is it a nuclear family with a home and a comfortable job? Is it having your basic needs met, or having the freedom to do whatever you want?

Canadian real estate site TheRedPin.com decided to come up with a standard cost of an American Dream and see how accessible that American Dream was to average citizens of countries around the world. Unfortunately, by TheRedPin's definition, there is no country where the average citizen can live the American Dream — not even America.

For study purposes, the costs of the standard American Dream was chosen to be representative of a family of four. A mortgage and car payment represented larger costs, while utilities, food and