Credit card defaults are rising at record levels

Sharing is Caring!

Two-thirds of Americans now believe that the American Dream is unattainable

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.

“Key aspects of the American Dream seem out of reach in a way that they were not in past generations,” Emerson Sprick, an economist at the Bipartisan Policy Center, told the WSJ.

The American Dream Feels Out of Reach for Most

 

See also  Thunderstruck! US Unemployment Rate Is 8.7%, More Than Double BLS Estimate Of 4.1% (Mortgage Rates Rising With Declining BLS Estimates)
See also  Bonds reveal rising inflation and economic weakness risks; Gold outperforms S&P 500.

h/t Perfect_Alarm_2141

Views: 152

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.