Thursday, August 29, 2024

2/3 of Americans Now Believe the American Dream is Unattainable

 It's true.  When we were young we all believed that we could work hard, buy a house, get married, have some kids and live in peace and harmony with our neighbors.  Now, the latest poll, 2/3 of Americans no longer believe this to be true.  It takes over $100,000 of income for a family of 4 to even live in Mississippi and we know that making $100k per year isn't an easy endeavor.

Only about a third of U.S. adults believe the American dream is still alive, a Wall Street Journal/NORC poll published Wednesday found.

A survey of 2,501 people conducted by the Public Religion Research Institute twelve years ago found more than half of respondents believed the American dream “still holds true,” but now only a third feel that way, according to a recent WSJ/NORC poll of 1,502 adults. The study also found an increasingly large gap between people’s economic goals and what they think is actually attainable — a trend that was consistent across gender and party lines, but was especially common amongst younger generations.

Those numbers are yet more evidence that the middle class is dying.

Once upon a time, we had the largest and most prosperous middle class in the entire history of the planet.

But now most of the country is deeply struggling.

So please don’t try to convince me that the U.S. economy is in good shape.

Our standard of living has been steadily going downhill for a long time, and things have been getting worse for almost everyone.

The same Wall Street Journal/NORC poll also found that only 10 percent of Americans believe that becoming a homeowner is “easy or somewhat easy”…

The decline in faith in the American Dream coincides with a decline in the share of Americans who believe homeownership and financial security are attainable, the poll shows. Only 10% of respondents to the WSJ poll believed becoming a homeowner is “easy or somewhat easy,” despite 89% of respondents viewing homeownership as “essential or important to their vision of the future.”

The same was true of financial security, with only 9% of respondents claiming achieving financial security is “easy or somewhat easy,” despite 96% believing financial security is “essential or important,” according to the WSJ.

Here;  Two-Thirds Of Americans Now Believe That The American Dream Is Unattainable (theeconomiccollapseblog.com)

I think it's true...we have squandered what our forefathers fought so hard to give us.  If the Lord tarries, America is going to be in for a very, very tough time and I'm not sure that most of are cut from the same cloth as our grandparents...who had to survive their own very tough time of the Great Depression.

Come Lord Jesus!

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