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And, for years, the middle class was considered the lasting symbol of the American Dream.
GOBankingRates consulted financial experts and found the answer to be… a complicated yes.
The American Dream is still affordable for the middle class, butits become much more difficult to achieve.
Why Has the American Dream Gotten Harder?
Today, adjusted for inflation, 26.5% of households are in that bracket.
So, in broad terms, real earnings have improved over the decades.
But that doesnt tell the full story.
What Factors Make the American Dream More Attainable?
They may also have to cut back in other areas.
Financial education and access to trusted professional advice have never been more important, he said.
In times like these, every financial decision matters.
A well-informed plan can mean the difference between treading water and moving forward.
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