Homes.com, an online real estate site, calculated how long it would take someone to save a 10% down payment for the homes of 12 celebrities.
The U.S. Census Bureau states as of 2016, the average U.S. median household made $57,617 annually.
World Bank, an international financial institution, indicates that the average life expectancy, as of 2016, for North American citizens was 78.74.
This means if the average person saved the recommended 20% of their annual salary for a down payment, it would take them a whopping 764 years to afford Beyoncé and Jay-Z’s $88 million home.
When broken down further, it would take the average person 17.44 lifetimes to afford a down payment on the celebrity couple’s home.
Other celebrities like Kylie Jenner, Rihanna, Gigi Hadid, Taylor Swift, Justin Bieber and more appear on the list. Notably, it would take the average person more than two decades to afford any of their homes.
U.S. Bureau of Labor Statistics latest Employment Situation Summary report, indicated that 223,000 new jobs were added to the market, and the unemployment rate fell to 3.8%.
Although employment rates are rising, wage growth is still moving slowly. So, if you were looking to put a down payment on Beyoncé and Jay-Z's home, you might be spending multiple decades saving.
