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In Pennsylvania, the Cost of the American
Dream Is Out of Reach

Original Article

Posted By: Moritz55, 5/26/2024 7:25:40 PM

The American Dream in Pennsylvania has a price tag: $230,464. That’s the cost for a family of four to live “comfortably” in The Keystone State. The tally is based on the “50/30/20 Rule,” which holds that half of a household’s income should be spent on housing and necessities, a third on nonessentials like eating out and entertainment, and the rest on savings and debt. Here’s the problem: the average household income in Pennsylvania is $100,837, which falls short of the American Dream sticker price by more than a factor of two. In fact, only 10% of Pennsylvania households have an income that exceeds $200,000.

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Reply 1 - Posted by: Northcross 5/26/2024 7:28:22 PM (No. 1725444)
Just another sad consequence of climate change, right Pete Buttigieg? Or was it racism?
9 people like this.

Reply 2 - Posted by: Northcross 5/26/2024 7:33:09 PM (No. 1725445)
I know. Let's shut down the coal mines and see if that helps.
11 people like this.

Reply 3 - Posted by: scottj 5/26/2024 8:03:24 PM (No. 1725450)
You know why the American dream is out of reach for the people in Pennsylvania? It's because the people of Pennsylvania keep voting for Democrats. Don't complain about your self inflicted wounds.
28 people like this.

Reply 4 - Posted by: DiegoDude 5/26/2024 8:13:19 PM (No. 1725455)
Looking at the numbers, $69,000 for going out and eating and such. No wonder people can't do squat.
10 people like this.

Reply 5 - Posted by: padiva 5/26/2024 9:07:17 PM (No. 1725468)
I live abundantly on a lot less in PA. I am frugal.
14 people like this.

Reply 6 - Posted by: red1066 5/26/2024 9:39:09 PM (No. 1725472)
This is nonsense. A 230,000 price tag for a home is not out of reach, there are several young people that live near me who make a heck of a lot less than 100k a year, and they paid about 280,000 for the home. Of course, they bought the home when Trump was president. It's the 7% and up for a mortgage rate that's keeping young people from buying a home.
12 people like this.

Reply 7 - Posted by: nwcudagal 5/26/2024 10:40:24 PM (No. 1725494)
That 50/30/20 rule must be someone's pipe dream. In the Biden economy there is no room for nonessentials.
10 people like this.

Reply 8 - Posted by: crashnburn 5/26/2024 10:49:18 PM (No. 1725497)
California is the same, only more so. When she was alive, my wife’s salary and mine wouldn’t have been enough to pay the mortgage on the house we were in if we were to buy it then. And I spent way more than 50% of my income on housing and most of the rest went towards investments.
7 people like this.

Reply 9 - Posted by: mifla 5/27/2024 5:49:27 AM (No. 1725590)
No worries, due to high crime, the life expectancy of the people who live in the cities of Pennsylvania has gone down over the years. They don't need as much money as they used to need.
4 people like this.

Reply 10 - Posted by: Strike3 5/27/2024 8:59:31 AM (No. 1725728)
This is total hogwash. I live in rural Pennsylvania on my retirement income and life is comfortable and peaceful after having put two kids through college, in spite of all the damage that Obama, Biden and the worthless democrat Pennsylvania government has done to attempt to change that. If you need $230K to live here you are doing something very wrong. His formula for spending is way off.
3 people like this.

Reply 11 - Posted by: franq 5/27/2024 9:21:43 AM (No. 1725753)
Have John Smith write an article. You might get a different conclusion.
3 people like this.

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Posted by Moritz55 5/26/2024 7:25:40 PM Post Reply
The American Dream in Pennsylvania has a price tag: $230,464. That’s the cost for a family of four to live “comfortably” in The Keystone State. The tally is based on the “50/30/20 Rule,” which holds that half of a household’s income should be spent on housing and necessities, a third on nonessentials like eating out and entertainment, and the rest on savings and debt. Here’s the problem: the average household income in Pennsylvania is $100,837, which falls short of the American Dream sticker price by more than a factor of two. In fact, only 10% of Pennsylvania households have an income that exceeds $200,000.
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