Becoming Wealthy America

The “American Dream,” according to Truslow Adams, is “being able to grow to the fullest development as man and woman.” This ideal is not based on fame or wealth, but on enough to sustain a family and live comfortably, with a steadily rising income and a decent home. It is to be believed that hard work along with the “great equalizer”, education, allows individuals the freedom to determine their own life path, regardless of their background. The idea of the American dream ensures upward social mobility for those dedicated enough to achieve this lifestyle. In spite of that, recent arguments have said that this dream is either dying, or already dead. In his book “Dream Hoarders,” Richard Reeves counters that the American Dream is in fact alive and well, but simply being hoarded by the upper middles class.

America is often referenced with the idea of the “American Dream” and the “Land of Opportunity.” For centuries, people have flocked to America in hopes of a better life and greater opportunity. However, if they are searching for equal opportunity, America is not the country that they will find it in. Success in the United States is limited to the opportunities available to the individual, and without equal distribution of opportunity, financial success is not reachable to those in the lower classes of American society. Notable educators and authors such as Gregory Mantsios and Diana Kendall have brought the problems of American society to attention, claiming that the rich are getting richer and the poor continue to remain poor. In his essay, “Class in America – 2009,” Mantsios discusses the myths that revolve around class in America, and then refutes these myths by describing the realities of the society Americans live in. Similarly, in her essay, “Framing Class, Vicarious Living, and Conspicuous Consumption,” Kendall writes about the realities of the classes in America while advocating for a change in the way the media portrays the class issues. The United States was founded on the belief of equal opportunity for all individuals, and many still believe that equal opportunity still holds true today. Despite the way media masks the class issues, empirical evidence and research show that equal opportunity does not exist in America due to

In other words, America has a widening gap between its wealthy and poor. As the rich get richer and the poor get poorer, there is a problem emerging: the disappearance of the middle class. Low-wage workers continue to fall behind those who make higher wages, and this only widens the gap between the two. There has been an economic boom in the United States, which has made the country more prosperous than it has ever been. That prosperity does not reach all people; it seems to only favor the rich. Rising economic segregation has taken away many opportunities for the poor to rise in America today. The poor may find that the economic boom has increased their income; however, as their income increase so does the prices they must for their living expenses (Dreier, Mollenkopf, & Swanstrom 19).

Most people assume the American dream is about achieving the nostalgic ideal of 1950s family life—Dad in charge of the household, Mom always looking pretty, and their children happily obedient and affectionate. The belief that success means living in a suburban home with a nuclear family causes many Americans to disparage any lifestyle that departs from this false image of family life. In truth, the suburbs are full of dysfunctional families and overdeveloped housing tracts. Many people in America cannot afford to buy a home, and most families do not fit the fifties-era ideal. Nonetheless, the media and advertisers continue to promote the delusion of the American dream, and consumers continue to spend their money in hope of achieving it. However,

Everywhere you look at the United States you can find economic stratification. From the kind of vehicle you drive, to the kind of house you live in, to the kind of restaurants you eat at the most you will find economic stratification. Some might ask, does any of that truly matter today? Yes, unfortunately, it does. An important goal for most people is what’s referred to as The American Dream. Whether it is to attend a good college, get a respectable job, purchase the perfect house, and have a small family or maybe just to start your own business; that dream starts with wealth. People with more money will have an easier time with achieving the dream than a lower income person would. With wealth comes power and prestige as well. People with more money have better life chances because they can afford better healthcare, education, healthier food, and safer neighborhoods just to name a few things.

To achieve the American Dream, one must work hard and have the dedication to be successful. There are myths relating to this dream leaving lower class members to wonder if the dream exists for them. People in lower class are told if they want to be successful they must put in hard work and true effort. Once they do, they see that they are remaining in the same position they started in. In “Class of America-2012,” Gregory Mantsios states the ideas of class in the US and explains them. One myth addressed in this selection is, “Everyone has an equal chance to succeed. Success in the United States requires no more than hard work, sacrifice, and perseverance: ‘In America, anyone can become a billionaire; it’s just a matter of being in the right

There is no doubt that wealth inequality in America has been escalating quickly; the portion of total income earned by the top one percent has doubled since the beginning of the 1970’s. The wealthy are the main beneficiaries

The American Dream is becoming less attainable, and now resembles a myth that Americans can only hope to achieve. In Robert Putnam’s Our Kids: The American Dream Crisis,the author begins his book by analyzing his own hometown, then branches out to other locations in showing the growing disparity within communities and families. Putman portrays the growing class differences through statistics and narratives on actual people. In this essay I will evaluate Putnam’s book and apply it to the actions of the Democratic and Republican parties during the 2016 Presidential Election, and outline two objections I have relating to Putnam’s arguments.

Throughout the years knowledge and culture has been passed down within generations. Elders within the community often teach life lessons to the young adults growing up in the neighborhood. This idea still holds true today, especially in low-income communities. People from different socioeconomic backgrounds live different lifestyles they also have different opportunities made available to them. Because of this idea, people with a higher social standing have an advantage over those in lower class standings. Social classes divide the people of our nation and have existed for as long as we can remember. The American Dream created the American nation that we know today. The dream itself is different for each individual. Money plays a major part in the American Dream because to be successful in America means to bear great wealth. We live in a nation, in which money controls our very existence. “The Lesson” by Toni Cade Bambara creates an argument about society’s unfairness that involves financial opportunities by revealing the differences in living environments between upper class and lower class.

When people think of the American Dream, most think of the good that arises with it. They don’t consider the hardships and obstacles one must overcome. Many immigrants come to America in hopes of accomplishing their dreams and aspirations, and if they can’t, maybe their children can. Haspel debates how “The U.S. has changed drastically in the last several decades. The middle class, which was the heart of the American Dream, is dwindling, and the disparity of wealth among social classes continues to grow.” (41) This defends the popular phrase “The rich get richer while the poorer get poorer.” In essence, the American Dream can be viewed as the aim to climb the economic ladder. As the economic gap between the different social classes grow, it becomes harder for certain groups to see the American Dream as an attainable goal. The American Dream entails a variety of opportunities, and it is hard for minorities to grasp such opportunities with limited resources. Haspel also debates that “Another issue contributing to the decay of the American Dream is the country’s changing family

This “middle-class nation” is struggling to support all those who live in its borders and the misconceptions about wealth are vastly overrated. Furthermore, the idea of wealth and stability is incorrect, and there is a very sharp contrast between the rich and poor in the country. As the richest twenty percent of American hold ninety percent of the total household of the total household wealth in the country, those at the bottom have managed very poorly and suffer to get through the days.

Over the past few decades, the “American Dream” vision has been quickly vanishing as a result of the increasing troubles and weakening of the middle class. It has lost the view of being the most successful and wealthy middle class in the world, while the middle classes in other countries are excelling in earning higher middle and lower class incomes. The issue of the declining wealth of the middle class explains a huge problem in the United States’ future prosperity and well being for the citizens and the country. There are many issues that affect the success of the middle and lower classes, such as structural differences in the economy, culture, and government. The gap between the middle and high classes is increasing specifically. The United States has the image of giving people life and prosperity, but inequality is increasing significantly due to issues in education, decrease in taxation among the upper class, and decrease of middle class power in the democracy, while other ideas and mechanisms can be take from other nations.

The American family is shaped by the economic stratification of society and the opportunities afforded to each social class. Lareau and Cherlin discussed that the typical family encounters economic inequality that overtly affects individuals within households. Lareau has successfully conducted research and illustrated that different experiences vary among the middle class and lower class families by observing the daily life of children. The economy of the United States provides privilege for middle class families and constrains resources for those in the working-lower class.

The American Dream is one of the most sought-after things in the United States, even though it is rarely, if ever, achieved. According to historian Matthew Warshauer, the vision of the American Dream has changed dramatically over time. In his 2003 essay “Who Wants to Be a Millionaire: Changing Conceptions of the American Dream”, Warshauer claims that the American Dream had gone from becoming wealthy by working hard and earning money, to getting rich quickly and easily. He attributes this change to television game shows, state lotteries, and compensation lawsuits. He also argues that most Americans are more concerned with easy money than hard-earned money, and that Americans care mostly about material goods such as consumer products, big

The era of volatility has created a shift from America being the middle-class society to simply rich or poor (Sachs, 2011). A gap this large has not been experienced since the 1920’s (Sachs). “The top 1% of households takes almost a quarter of all household income” but an economy this top heavy will not be able to succeed (Sachs, 2011, p. 30). The working classes are struggling with housing, wage, and employment issues. Rich individuals are ignoring these troubles, shipping their business operations out of the country, thus furthering the downward spiral of the economy (Sachs). To make matters worse, this has become in a large part a political issue, because the rich can influence candidates with funding, where the poor and working