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Uhhhhh yeah that's out of reach for a huge fraction of Americans, probably 80%.
by hiddencost 10mo ago
Uhhhhh yeah that's out of reach for a huge fraction of Americans, probably 80%.
- godelski 9mo agoAccording to the Fed - Median bank account balances in the U.S. range from $5,400 for those under 35 - ... $13,400 for ages 65–74 So yeah, in range. Does it require saving? Yes. But most Americans go on vacation each year. Give up the cost of a few years of vacations and you have this one. I want to stress "not out of reach" doesn't mean easy. It explicitly doesn't mean one doesn't have to reach. I'd have said something very different if I meant most Americans could easily go on that trip. I specifically mean if it's something they really wanted to do, enough to save over a few years (or more) then that's something that could be accomplished. https://www.investopedia.com/how-much-does-the-average-american-really-have-in-savings-insight-into-current-bank-balances-11876041 https://www.investopedia.com/how-much-does-the-average-ameri... https://www.statista.com/chart/31152/share-of-us-respondents-who-have-taken-private-trips/ https://www.statista.com/chart/31152/share-of-us-respondents...