The cost of raising kids, buying a home and achieving other traditional milestones today far exceeds a typical worker's earnings, one analysis finds.
  • AnneBonny@lemmy.dbzer0.comEnglish
    0·
    7 months ago

    Some costs might be lower or higher, depending on a family’s goals. For instance, some might pay for more than one-year of college for their children, while others might buy fewer cars.

    Wedding and engagement ring: $35,800

    One year of college for two kids: $42,080

    Pets: $67,935

    Average cost to buy a home, including lifetime mortgage payments: $796,998

    Are you really buying a house if you never finish paying for it?

    • dan1101@lemm.ee
      2·
      7 months ago

      And you effectively never truly own the house, if you stop paying property taxes on it the city/county takes it.