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. Nine out of ten are nowhere close to living comfortably, according to the standards of financial planners.To get by, Pennsylvanians are pulling out all the stops. Cohabitation has skyrocketed. Children and […]
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