The “American Dream” seems to be moving out of the reach of the average American family. One estimate puts its price tag at 130-thousand dollars a year. That means the dream is available to one in eight U.S. families.
“That's not just amongst people who don't have a lot of money,” Scanlon says. “I've worked with plenty of multi-millionaires that live paycheck to paycheck.”
Scanlon says the biggest problem is most families don't even have a budget.
“They have no idea of what it costs them to live, month-in and month-out,” he explains. “And, if you don't have the information, you can't expect to do something about it.”