The (Impossible) American Dream

Many Americans may not think they've achieved financial success, but the reality is that the United States is more prosperous than at any time in history.

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  • Posted By: weneedtostop.com @ 12/05/2007 6:37:12 PM

    Very enlightening article!

  • Posted By: pinkpanther87413 @ 11/30/2007 12:05:16 AM

    then as of today the dream is dead t9900 but your right.

    • Posted By: t9900 @ 11/30/2007 7:18:23 PM

      You need to grow up big time. Stop whining about Republicans or Bush taking away your freedoms. If you think induvidualism or freedom doesn't exsist in this country then leave it now and go to North Korea so your petty whining about freedoms being taking away can make sense. You must be a little selfish *** if you think we do not have enough freedoms in this country.

  • Posted By: ms.miss @ 11/30/2007 5:00:37 PM

    Pink Panther...

    Not ALL of the manufacutering companies are stationed over seas. I happen to work for a very well off company stationed in Tampa, FL with the Manufacturing plant in our own backyard, with this being said, I know many other companies who also have plant's in the US.

    As far as disabled...thank the govn'ment for it's gracious gifts (out of our tax dollars) for a small check to live on. Look at it from an emyployers stand point...you're already getting paid, if you happen to have disabilites that "enable" you to work, why hire? There are 2,000 other people who can do the samething as you fast better and arrive on time everyday, no excuses.

    American dream, yes indeed.

  • Posted By: jameskbachman @ 11/30/2007 1:41:45 PM

    Martin Luther King had a dream- that people would be judged, therefore valued, by the content of their character. Let's hope that will become the Amercan dream.

  • Posted By: jameskbachman @ 11/30/2007 1:12:38 PM

    Oh, yes. Social class in America. Job type, income, neighborhood, education. Well, there is something that trumps all of them- good character. The rest comes as a side-effect.

  • Posted By: t9900 @ 11/29/2007 8:39:16 PM

    The American dream is about having freedom and individualism. All you talk as if it was about money. The American Dream will exist as long as individualism and freedom exist in the US, no matter how much things cost.

  • Posted By: pinkpanther87413 @ 11/29/2007 6:41:11 PM

    Degrees don't matter to Burger King as all the jobs your training prepared you for no longer exsist in this country called The Un-United States of America! The factories are closed,the manf sector is in the UK and now not only are all the multi-trillion pharm companies in the E.U. but so went the oil and gas companies like Halliburton who hold the people in this county hostage and demand 22 million to downsize and demand to be tax free for the next 20 YEARS as they to move to the U.K.??? Welcome to Bugerger King can i take your order please and they do not even hire the disabled where i live! Dreams or nitemares, American style:(

  • Posted By: jordanadah @ 11/29/2007 5:58:12 PM

    The writer missed a main point against his theory though he does mention it off handedly. When he said that black families often had no fathers so they miss the opportunity to have 2 wage earners. That's the main problem for people of all colors, not that there are no father but that in todays america there has't to be 2 wage earners in order to make it. This is a new development, and it is troubling. When both people in a couple have to work, when in a couple if one of them loses their job they lose their home. It used to be possible to raise your families standard of living and offer your children the chance to do better with just 1 person working. I am not speaking against women working I am one I'm speaking to the fact that today they have no choice in the matter.

  • Posted By: nlscjs @ 11/29/2007 4:21:20 PM

    The constant discussion of the "American Dream" ... what is the American Dream? The American dream is having the financial resources to do what you choose to bring you self satisfaction, whether that is to own your own home, have greater healthcare benefits, able to vacation wherever you choose when you want, or simply be able to live a financially stress free life as an American citizen. The point is, the dream is different for every individual.

    For me, the American Dream would be to find the ideal job in order to support myself and family financially. I recently completed a Master's Degree in hopes that this would increase my chances. All I have to show for it is Student Loan Debt. My income hasn't changed and I'm actively pursuing career opportunities.

    My question is, what did happen to the economy? Are these issues that have slowly creeped upon us or is this something that could have been forseen many years ago? What can the government do in an effort to promote change for the next generation or for the immediate future?

  • Posted By: atitus42 @ 11/29/2007 3:56:43 PM

    As a working woman who has went from an income of over $30k a year to an income of under $25K a year, while attending more college and getting more professional licenses, who has witnessed the price of housing in the Eugene/Springfield , OR. area escalate from 89K to over 200K in working class neighborhoods in under 5 yrs, who left the expensive and unaffordable SF Bay Area 5 yrs ago when I thought that the insanity of housing costs was limited to California ( wakeup call) I have watched as my personal "American Dream" is just to keep the rented roof over my head, feed my kids and pray that the 10 yr old car doesn't need repairs ! I have gone to college - have the 24K bill to show for it, and still the income I see in this area is an average of $8 - 12 an hour, and I have talked to enough people and employment agencies to understand that is the wage range here. I am not whining- just accepting the facts that those who know how to make money will, and the rest of us- we just work our a$$ off and pray to who ever that we wake up with a job, and that the rent doesn't go up !

  • Posted By: cingi @ 11/29/2007 3:44:53 PM

    If this Presidential candidate means what he is saying in his interviews, this is the person that We the People and the world MUST have as the next President of our United States. I personally would like to see him sign an affidavit regarding his campaign promises. Check this out: Candidates@Google: Ron Paul

  • Posted By: pinkpanther87413 @ 11/29/2007 1:34:09 PM

    This is the Dream of Dreams if only!

    Before
    If we spent 2 Billion dollars-A DAY, 2 Billion dollars CAME BACK into the American economy-A DAY, and 100 MILLION recouped in taxes-A DAY

    TODAY
    We spend 2 Billion+ dollars-A DAY, 300,000$, COMES BACK to the American economy-A DAY, and 100,000- recouped in taxes-A DAY

    Bring back the great American war machine, to American soil, use the gas tax, as it was told to us, why, its there, ie: the roads
    Hey
    WE JUST EMPLOYED 12 MILLION, REBUILDING EVERYTHING, WITH ALT ENERGY, MAKING FAR MORE INCOME THAN MIN WAGE!

    DEMOCRATIC CORE- RUN THE COUNTRY, NOT RULE THE WORLD!


    MY MATH IS OFF! WE WOULD EMPLOY MORE LIKE 50 MILLION! REBUILDING FACTORIES, STAFFING THEM, BUILDING WIND FARMS, STAFFING THEM! ONE MILLION A DAY IN TAXES, AND COUNTING THE 2 BILLION SPENT INSIDE OUR BORDERS, A DAY! YA 50 MILLION EMPLOYED AT BETTER THAN MIN WAGE IS FAR CLOSER THAN JUST 12 MILLION EMPLOYED-SORRY FOLKS MY MATH WAS OFF-just economicly dreaming!!!

  • Posted By: reusili @ 11/29/2007 11:00:10 AM

    pinkpanther: your grammar is very telling. perhaps you should have focused more on your education, which would have given you more control and choices in life.

    • Posted By: pinkpanther87413 @ 11/29/2007 1:09:23 PM

      when you MUST eat 325mg of morphine a day, CHOICE is gone! It applies to the healthy, cause everyone makes rules for the unhealthy, we must live by, like insurance companies, US Governement ect ect. Last but not least, you, make rules for me to live by without choice! Wake up its a right taken as many more will be!

  • Posted By: rangerone314 @ 11/29/2007 12:26:39 PM

    Ever wonder why so much seems to rise faster than inflation? Tuition? Healthcare? 2 reasons: the statistic is irrelevant, and it is a lie. Government understates inflation (hedonics anyone?) so it has to pay out smaller inflation-indexed benefits, and so it can look good for statistics in the eyes of voters and the stock market.

    Buy something cheap from China (try and buy something NOT made in China, you have NO CHOICE), like clothes or shoes that last a few months, or a non-stick pan that burns up all the non-stick stuff in the 1st week, or perhaps toys contaminated with lead paint. Our standard of living is SO MUCH higher, obviously.

    How about the fact I would have prefered having less expensive tuition and student loan payments instead of cheap, non-essential electronic gadgets? In fact, I probably wouldn't have had to get a Master's Degree if it weren't for outsourcing jobs to foreign countries hurting the job market for software engineers.

    Put down 20% on a house like my parents did? On a $230,000 house, where is the magic hat one can pull $46,000 out of? I'm too busy diverting resources into a 401K plan in an attempt to make up for the Social Security that will be severely damaged (if it exists at all!) by the time I retire.

    Add to this, the fact that it takes TWO incomes to compare to ONE income in my parents' time to try and make a decent living, as well as adding in higher taxes, and the fact that corporations are paying a FAR smaller amount of the national tax burden.

    Increases in the GNP? I wonder if they have truly factored in the fact that our infrastructure is decaying: roads, bridges, air transportation... if every year for the last several years, the government had pulled out from the private sector the money needed to maintain the infrastructure, what would the GNP really be? If a person owned a house and never paid exterminators to get rid of termites, or had roof damage repaired, and never paid for an oil change, they'd seem to be pretty well-off.

    How much of our imaginary prosperity is purchased with debt? (Be it credit card debt, or Federal debt) Lets not mention the fact we have a trade deficit and more money is now flowing out of the our country than flowing in, and that there is not enough income flowing in from overseas investments to compensate...

    • Posted By: pinkpanther87413 @ 11/29/2007 12:59:06 PM

      You make a very good point! Just how strong is an economy bought on credit? well put and i realy hope your outsourced job gets a kick in the behind to relocate back to American soil where it should be. thanks for your words of severe wisdom-no sarcasim at all!

  • Posted By: pinkpanther87413 @ 11/29/2007 12:29:22 PM

    I joined the USMC at 17 books is not what i learned to do, and i do my job very well, and enjoyed it very much! Even when training the Taliban and Al-Queda in 79 till they let me go, but bagging and tagging 241 Marines was one of the last deployments of mine -i kill for a living, so my english suffers, but my insight is right on!! Deal with it we create our own problems and we bleed for them before during and after by plain stupidity! Kepp out the terrorist to late they had free passage in and out all through the 70-80 so to claim they are coming now is moronic, just as claiming our economy is strong just because all the highly paid CEOs who moved out of the USA are counted in this report and should be discounted if not one dime is spent inside our borders! We spend 2 BILLION a day and only 300,000 makes it back this is not the way of the great American war machine which during Nam employed Americans in America and all the money spent stayed inside our own borders, unlike today when OUR WAR supports the world, but not America!

  • Posted By: bleedingheartlib @ 11/29/2007 12:21:21 PM

    I think that the author misses a crucial point. Not everyone measures their dreams in terms of dollars. I think that Americans as a whole are a whole lot more dissatisfied with their lives because they use what other's have as a yardstick to measure their worth. Believe it or not, there are places in this world where people have no running water or permanent shelter, yet they are happy. They are happy because everyone around them lives like that and they cannot see what they are missing. Americans are constantly bombarded with images in advertising and online; and it has the effect of making us feel inadequate.

    Every time I am tempted to whine about the high cost of living here in the DC area, or the rising cost of healthcare, or the "middle class squeeze" that I can now count myself a part of since separating from the military: I count my blessings. I could be living in a country where I could not work, or even show my face because I am a woman.

  • Posted By: pinkpanther87413 @ 11/29/2007 10:24:21 AM

    Propereous? only if burger King is called a job which can support a family!!! aball if that is poor what do you call a life on 700 a month for the rest of your life all cause you were the designated driver and the unemployment rate for the disabled is 89% in an "At Will" state! I make to much for food stamps or medical as Medicare is not acceptable here and not taken by any doctor for 170 miles?? The dream is a nitemare and gets worst if you have kids of age in our military protecting those who danced in the streets when the WTC fell! If you take it from here it only gets worst or better if you can afford to buy Alpo or Gaines Burger for the grill both will allow you to live with a full belly once a day. unless you a Veteran! Here where i live we excort them all to the city borders and told to leave and never come back!! The native Americans walk in traffic drunk, this we allow, but not a homeless Veteran? An Associates degree gets you 6.50 an hr, or min wage, if lucky. Life is no dream not for a day not even for a min. We spend 44,000 a day for criminals, but I'm payed 8000 a year to obey the law, to be correct to say this statement, in this country, is just not right!! Let the nitemare continue!!

  • Posted By: aball @ 11/29/2007 9:58:04 AM

    Despite the gap between the rich and poor in the United States, the actual picture is grossly distorted by politicians (garnering votes from constituents) and supporters of wealth redistribution through taxation. Being poor in America means two TV's and a car. In comparison, poor in Bangladesh means trying to find enough food to survive. Those who advocate socialist policies often forget that more rich means richer poor. The rich reinvest and capital flows north to south. Capitalism encourages investment and those with more money will invest more. It's a bell curve. There are those in American society who genuinely need help to survive and I won't deny that, but they are the exception and not the general rule.
    Unfortunately, Americans often focus on what they do not have (myself included) instead of focusing on what they do have. This type of mentality is destructive. Besides, after we have taxed all of the wealthy, who (and what) is left to tax?

  • Posted By: BLok @ 11/29/2007 9:53:43 AM

    If the dream is just a dream, and it takes 2 incomes to float the boat - their is only one clear and factual explanation for it. Studies show that all aspects (transportation, food, power, housing, etc.) of a family's cost of living have decline as a percentage of household income in the last 30-40 years --- WITH the expection of 2 things - 1) housing and 2) taxes. Housing as a pertcentage is up slightly. Taxes as a percentage is through the roof - typically up 10X, depending on where you live. That increase in taxes primarily came from a large decrease in "disposable" income.

    And of course the "household income" of 40 years ago was a single wage earner. Now it is 2 incomes...

    Good food for thought as we enter this election. But it wont help IMO, as I have yet to hear a single canidate on either side discuss cutting the federal govt. spending. They talk about taxes all they time - raise them, dont raise them. - but no one talks about the real issue which is spending - not govt. income

  • Posted By: John Roussel @ 11/28/2007 7:57:28 PM

    The American dream has not necessarily placed us into the proverbial "haves" and "have nots." As the author points out, we have reached a state of unparalleled prosperity, so why is it that the bar is raised higher and higher? Somewhere along the way we've bought into the unnecessary hype of what we have to have to be successful and achieve the American dream -- the excess of which our prosperity cannot maintain. We need to teach our children that achieving the dream, in most cases, takes hard work, planning, and discipline. A house, like anything else, is only worth what someone is willing to pay for it. Now that demand is dropping, we see those prices falling as well into a more affordable range. Just as stocks did in the late 90's, housing prices exceeded expected increases based on the same principles -- frankly, why did so many people think those could be sustained when history tells us differently? Education may help raise your income, but it doesn't necessarily get you closer to the American dream. Some people view the American dream as the penniless entrepreneur who has a good idea, a bit of luck, and some elbow grease hitting it big. Those are few and far between. I recommend you read "More Than Enough." It may be a boring way to get there, but for the average American, it provides more opportunity to achieve the American dream than would be otherwise.

    • Posted By: vippy @ 11/29/2007 9:20:32 AM

      The American Dream is just that - a dream. Before the 70s it only took one family member to make a living, then it took 2 and all the while we were duped into thinking it would be only supplemental, now if you have a child or more it behooves them to find a job as well to help out. So many young people are moving back home because they cannot make it on their own. What distorts this picture is that the CEOs make
      all those millions, which when averaged out, affects the whole picture. I feel sorry for the youth today as they do not have the chance we had good pay and good benefits. All that is gone and again, so the rich get even richer. We are heading towards a collapse. This cannot go on.

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