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The American dream


Thought this might be interesting and germane, something to define and plan or set goals for: the American dream. There are two views posted below, to satisfy the politically minded, and many other articles available from each of these two sources.
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The BLS tables of consumer expenditures include income data. The upper three quintiles mostly have more income than expenses (average). Not to be too cynical, but it might seem that to some these days, just being solvent is an achievement. Several (most) articles define the original "American dream," but note the variability of definitions from individual to individual.
Reply to
dapperdobbs

I liked the above article in particular. It is my kind of religion, though with some good practical suggestions, too. It is one of the best 'applied philosophy' works I have read in awhile.
Reply to
Elle

Elle, I liked the statistics in the other one, but values are very important, including "saving" as opposed to "consuming." The title to the article linked below is
43% have less than 10k for retirement
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Paraphrasing from it: Apparently 60% of retirement costs will be covered by pensions and social security, but the solution many are opting for is extending their work years. Not a great article, but some hopefully straight data.
Reply to
dapperdobbs

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