by Doug Casey
International Man
International Man: According to a recent study by Investopedia, the classic middle-class American Dream now costs over $3.4 million.
That’s the estimated lifetime cost of marriage, two children, cars, homes, healthcare, education, and retirement. It’s now entirely out of reach for many Americans.
What do you make of this? How did this happen?
Doug Casey: The fact is, despite the fact that his standard of living has been slipping over the past 50 years, the average American today lives much better and longer than a king during pre-industrial times. There were never any guarantees that Americans would live in the lap of luxury for their entire lives.