News@lemmy.world · 10 months ago

The 'old American Dream died,' Realtor details salary needed to buy a home, afford a middle class life in 2024

finance.yahoo.com

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cross-posted to:
personalfinance@lemmy.ml

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The 'old American Dream died,' Realtor details salary needed to buy a home, afford a middle class life in 2024

finance.yahoo.com

Jo Miran@lemmy.ml to

News@lemmy.world · 10 months ago

206

cross-posted to:
personalfinance@lemmy.ml

Orlando realtor Freddie Smith discusses how owning a home and living a typical middle class life has become increasingly unattainable for most millennials and older Gen Z.

TL;DR: Americans now need to make $120K a year to afford a typical middle-class life and qualify to purchase a home. Minimum.

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