The ‘American dream’ now costs $4.4M: Report

( NewsNation ) — Investopedia reports the “American dream” now costs $4.4 million.

The report estimates a lifetime household cost of common milestones, including getting married, raising children, buying a home, owning new cars, saving for retirement and going on yearly vacations.

Caleb Silver, editor-in-chief of Investopedia, said his team examined “the wants, not the needs” for things they considered “reasonable expectations or aspirations.”

“We are talking about having enough to retire. Buying a new car every few years, paying for a wedding, paying for a funeral, raising a couple of kids and sending them to a public college,” Silver said on “ Elizabeth Vargas Reports. ”

Investopedia’s estimation, which has been adjusted for inflation, could go up or down depending on your lifestyle.

Presidential candidates will make their case on controlling cost-of-living issues during Tuesday’s debate, but Silver says the control lies in the hands of the American people.

“If you think that a presidential candidate is going to deliver that dream, dream on,” Silver said. “Because this is about you and how much you spend and how much it costs to be you.”

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