Argumentative Essay On The American Dream

882 Words4 Pages
It seems that over the decades, the “American Dream” has changed along with the generations who follow it. After the “Great Recession”, the housing crisis which triggered a financial crisis, and millennials have changed their point of view about homeownership. This change created another definition for the “American Dream”, because more opt out to rent versus buy, and some don’t bother with houses at all and prefer to live in apartments. This is all due to rising student debt, risks associated with owning a home, and the fact that homes are often suited for families and it’s been proven that millennials are pushing back the age for conceiving children. Student debt seems to be the more predominant issue on the minds of…show more content…
Unforseen circumstances and all kinds of insurance goes into owning a home, which are also costly especially if the home is located in an urban environment or a state which suffers from hurricanes or earthquakes fairly often. Unfortunately, urban cities seem to be millennials’ cup of tea, along with the states down south which experience a variety of hurricanes and foul weather. Most homes are structured to have multiple bedrooms and multiple baths. This is very fitting for families, but is unfit for young adults just getting out of college. Most millennials have followed the trend of attending college longer than the past generations have, and after they are done they make it a goal to find a career first before settling down with children. While they are busy doing that, they usually rent apartments because a house is too big for them to live in alone, or with a significant other. Until prepared to have children, most millennials chose the renting lifestyle so that they won’t be tied down to a place in case they want to make time for travel, or their career pushes them into another part of the country. Buying a house symbolizes settling down in an area and often means that the couple is prepared to have children. However it is not a priority until college is completed and a career is established, meaning purchasing a house doesn’t typically happen until people are in or close to their thirties.
A factor that could increase
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