‘I’m a millionaire, and I proudly rent’: Mrs. Dow Jones says the American Dream needs a rethink

Haley Sacks would love to own a house outside New York City once she has a family. She wants to choose the paint colors, the handles on every door. But the personal-finance creator known as Mrs. Dow Jones also expects that dream will be expensive. Because of that, she says buying a home should be a lifestyle choice, not a measure of whether someone has made it financially.

“I’m a millionaire, and I proudly rent,” she told Fortune’s Ellie Austin on Fortune Daily. 

The millennial creator, who shares personal finance advice with more than 2 million followers, is challenging the money rules younger generations have long heard from their parents and grandparents. “We all still have this idea in our head that when we own a home, that’s when we’re going to be an adult,” she said. “But we have to rethink that, because many of us are never going to own a home.”

That pressure is colliding with an economy that has made those milestones harder to reach. Some young adults are adapting by buying fixer-uppers; scraping together multiple sources of income; and even putting off marriage and children, all to make the American Dream work for them—even if it looks different from what their parents imagined.

“They’re not just postponing life........

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