American Dream costs $5.3 million in 2026, up nearly $2 million from 3 years ago: report

The American Dream now costs $5.3 million, up nearly $2 million from three years ago, covering milestones like weddings, healthcare, raising kids, college, cars, homeownership, and retirement. Costs rose 4.1% last year, outpacing wage growth of 3.1%. Homeownership is the largest expense at $1.28 million. Raising two kids and college costs jumped 9%. Healthcare costs slightly decreased. About 69% of U.S. adults believe they will achieve the American Dream.