The American Dream still exists; millennials just can't afford it

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For young adults, sky-high rents and unprecedented student loan debt reduce the likelihood of being able to buy a first home.

As far as Tatiana Skomski is concerned, the American Dream is alive and well — although just beyond reach.

More than a quarter of millennials said buying a home was the life milestone they prioritize the most, even over getting married, having children and retiring, according to the latest Country Financial Security Index. Skomski and her boyfriend work full time; however, they also have student loans — each owe around $30,000, roughly on par with the national average per graduate.

 

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But this is “average” 🤔🤔🤔

Yea at 24, buying s house should be the last thing on her mind. Honestly most of us are trying to get something to get us more income since our Bachelors didn’t do anything for us.

The American dream is committing white collar crime and getting no harsh punishment in the end.

What's the American Dream,,, go to college, work for the same company for 30 years and own the same house until you leave feet first... uh, Millennials, go out a create and live your dreams..😎

I am 46 DAV and I can't afford it. and I have 2 college degrees too. with a minor in Physics. property taxes are like a lifelong second mortgage in Connecticut.

Um let me get this correct earlier on today you tweeted that 1-10 millennials had around a $100,000 dollars in their bank accounts which is more then sufficient for a home loan and now you are saying that they can’t afford to purchase a home ? Very Confusing!

Tax Scam only helps the Rich Doners! Economy will be hurt cause the middle class will get crumbs, face inflation, and have cuts to social programs! GOP only cares about Rich Donors! Dump All GOP to save our country!

Not a dream but a nightmare cause of SALT taxes! All the middle class is being hurt BIGLY and you Are killing all our dreams! Watch for bankruptcy increases soon! We can't afford our huge tax bills any more!

Many Millennials try to live like the Kardashians then wonder why they are in debt living in parents basement. Take responsibility for your own actions!

Thanks to the Fed. Low rates = Increase (artificial) demand = higher prices. Lower rates are worthless when the home price increases at a greater %. The net result is higher payment. The only people that benefit are the people that own the home (assuming that they sell).

Whatever happened to working your way up the ladder for it? (And spare me the crippling student debt narrative. I paid off plenty).

Nothing to add to this. Truth is truth.

It's called... Consumer Debt Go look it up... It's the worst ever, and something the FED can't fix

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