The American Dream, traditionally linked to opportunity and upward mobility, faces skepticism, with only 53% of Americans believing in its current viability. A Pew Research study highlighted that Millennials earn less than previous generations at the same age, exacerbating concerns about economic opportunity. Despite challenges, the U.S. retains immense wealth, with the largest economy and a significant portion of the world's millionaires. Though economic mobility appears limited now, many regions still reflect the country's prosperity. This complex picture suggests both challenges and opportunities in pursuing the American Dream.
The growing pessimism reflected in this survey is not entirely unfounded... Millennials are the first generation since at least Baby Boomers to have a lower inflation-adjusted income than the previous generation.
While the American Dream may be fading in some respects, there is also substantial evidence to the contrary... the U.S. economy is by far the largest in the world.
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