Many people have their own American Dream which has become their driving force and center of their life. However, not everyone can achieve their American Dream; it depends on many factors, such as income inequality, unstable social-welfare system, and different races. Based on the situation, Paul Krugman, the economic teacher at Princeton and the winner of Economics of the Nobel Prize in 2008, Tamara Draut, the director of the Economic Opportunity Program at Demos, and The Economist, a London-based weekly publication that is read by business, political and financial decision makers, all of them state a common point that it is harder and harder for people to achieve the American Dream now. The American Dream was not founded based on a …show more content…
Hence, it is difficult for people to achieve their American Dream. The first problem that obstructs the way to achieve American Dream is income inequality. Krugman explains “The fact is that vast income inequality inevitably brings vast social inequality in its train” (324). The reason why Krugman states this is because a person’s income mostly decides the standard of living. A person’s standard of living contains two parts; one is how many substances he/she can owns, the other one is how much ability he/she can contributes to his/her American Dream, and all these are affected by one factor: income inequality. In most people’s eyes, owning a big house, paying for monthly bills and children’s tuition fees is the most important things in their life, but all these depend on how much money a person can earn. Based on their different backgrounds, the income of different people will be totally different, so income inequality is created, and it makes achieving the American Dream difficult. On the one hand, different purchasing power is decided by income inequality which means people who have high wages can buy a house or pay monthly bills much easier than people who have lower wages do. On the other hand, income inequality causes the rich people can send their children to the best schools in the world, and afford them a comfortable academic and living environment. On the contrary, the families in middle-class and working-class will not be able afford so much
Through everybody’s eyes is their own version of the American Dream. Whether it’s the stereotypical dream with a good job, a family, and a house with a white picket fence, or it could be just getting by at the end of the month financially. The American Dream doesn’t have a specific image but rather a particular mindset. Lots of people have a goal in their life that they have to work hard to be successful towards that goal, but in most cases that goal may be unrealistic.
The idea of the American dream revolves around attaining happiness, success and equality. For higher wealth classes obtaining these components aren't a concern; but for many, the American Dream has become a nightmare. For the poor being able to obtain simple necessities such as food, clothing and shelter is a daily struggle. The price of being poor is a lot costlier then those in the realm of the wealthy. Based on the current economic and social systems in America it does not provide everyone with a fair chance to achieve the “American Dream”. In todays society many Americans believe money is the only way to happiness. True or not true, money certainly isn't a hindrance to obtaining the necessary components for survival. But if the American Dream is no longer about happiness and freedom it becomes solely about wealth and possession. "Money cannot buy happiness." (Anonymous, Spring Board pg.81) represents the concept that money doesn't necessarily play apart in your emotional well-being. Today, materialism is more important than character. Money isn't everything; you don't need it to be happy and certainly not to achieve "The American Dream". In addition to that, although money can jump-start your future it can also drive you into the ground. Dana Gioia, the author of "Money", says "...Money holds heads above water..." Implying money plays a crucial part in keeping your dreams alive while America demands so much. Although finances are a building block to ones version of the
The decrease in the employment rate leads people to no longer look for wealth, but rather to look for a stable life and a secure employment. Yet, he explains that there is an unstable recovery in the America’s economy, as he uses statistics to show that there is a high unemployment rate and low economic growth. Also, King states the problem of inequality and the distribution of wealth: “wealth is concentrated into the hands of a rich minority” (612). He quotes Paul Krugman, who stated that the American Dream is not valid to most Americans, saying “the lack of clear economic progress for lower and middle income families is in itself an important reason to seek a more equal distribution of income” (612). King disagrees with Krugman, as he claims that the gap between the rich and poor does not mean that the American Dream is
Comedian George Carlin once stated, “That’s why they call it the American Dream, because you have to be asleep to believe it.” Financial security, freedom to live how one chooses, retiring at 65 and living comfortably in old age, owning a home, knowing that working hard pays off: these are all fundamental beliefs tied to the American Dream. As newer generations are increasingly finding the dream to be unrealistic, people are beginning to abandon the concept; however it is still a very present ideology. While many believe the American Dream is a lively goal that everyone strives to achieve, it is actually a dying illusion that is unattainable for all but the wealthiest and used to propagate a classist society, causing a cycle of ignorance
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.
While the American dream sometimes varies for each individual, it can generally be defined as the equal opportunity to achieve success and prosperity through hard work and determination. However, in A Raisin in the Sun, its playwright Lorraine Hansberry explains that a person’s economic standing in society can drastically hinder the dream. Additionally, in her article “Silicon Valley boom eludes many, drives income gap”, Martha Mendoza describes the vital importance of wealth in achieving the American Dream. While in theory the American Dream exists for everyone regardless of social class, the widening of the socio-economic income gap and the lack of wealth for many Americans ultimately creates a significant disadvantage for those pursuing the dream, making it much more difficult, if not impossible, to achieve.
In the essays “The American Dream: Dead, Alive, or on Hold?” by Brandon King and “Confronting Inequality” by Paul Krugman, the authors discuss a wide variety of ideas that affect or maintain the idea of income inequality in America today. In the essay by Brandon King, he clearly states that the values of the American Dream are still alive today, but are getting harder and harder to achieve for the average person. King argues that the American Dream of today has drastically changed from what it used to be, and that the thought of being successful only lays within having a steady life with little to no struggle. However, in “Confronting Inequality”, Krugman has a different approach on the topic, arguing that the American Dream is no longer alive. Krugman states that the rise of income inequality will also lead heavily to social inequality, and that the rise of income inequality is a huge cause of social inequality as well. The two authors use a majority of viewpoints and methods to explore the same topic of inequality. However, there are also many ways in which both authors offer different sides of the argument and how it should be handled.
The capability of all Americans to achieve the American dream is what many believe to have made this country great. Perhaps this is why more immigrants flock to the United States than any other nation, because they view America as “the land of opportunity”, because here anyone can achieve the American dream. Generally, the American dream is the belief that anyone, even one at a low income level, can achieve success and make themselves content if they work hard enough and are determined. Unfortunately, when looking at certain aspects of society, it’s apparent that nothing can be further from the truth. For example, a person can pursue and live the American dream and still be unhappy. Also, the lifestyle that one may live to pursue the American dream can be dehumanizing. Both of these examples are flaws in the American dream that can be seen in the film Fight Club. Furthermore, rising levels of income inequality and the crushing debt people face also shows flaws in the idea of the American dream. When analyzing the evidence, it’s clear that in the modern United States, the American dream is non-existent.
The American Dream, or the possibility of a better life, has become difficult but not impossible to achieve as people are not receiving a high enough education for some jobs as most cannot afford it due to low incomes.
As poverty grows throughout the United States, it continues to make it more difficult for our future leaders to become successful if they do not have the equal opportunity to pursue their personal American Dream. David H. Freedman discusses his thoughts on the American Dream and how poverty can get in the way of such success by asserting, “In the view of proponents, that money could also benefit people who aren’t poor but aren’t affluent either. They’d gain access to higher education, an escape route from oppressive jobs and relationships, greater opportunity to invest in their children’s well-being and education, and time to spend on artistic or other mostly nonpaying endeavors” (David H. Freedman). Devastated by the dreams of others freedom and success can still be achieved through the American Dream, even if poverty has affected someone as long as the self-determination to make decisions that will benefit in the future outcome of what they feel is the American Dream. Against the odds of barriers that lie in the way of success; such as, poverty, education, even sometimes religion and ethnicity, the American Dream is still achievable according to Steve Tobak, a well known writer, as he described “The American dream is not a guarantee, there has to be hard work to achieve a goal. There are many factors that play into having the feeling of the American Dream” (Steve
The American Dream has been a long debated topic since the beginning. Recently, the American Dream has significantly decreased in popularity along with the chance of it becoming a reality. Some feel that the American Dream is just a piece of propaganda, constantly shifting ideas to keep the country’s attention and warping their expectations. Statistically, the idea that anyone can make it is absurd. The chances of someone getting rich and out of poverty differ drastically throughout the country. Despite high taxes and expensive college tuition seem to be the issues to blame, they are not the greatest contributors. In the Bible Belt of America, a child who is raised in the bottom five percent has a four percent chance of making it to the top five percent (O’Brien). In the article “Are the Suburbs Where the American Dream Goes to Die?”, Matthew O’Brien documented that the
To achieve higher expectations of success than the previous generations, and accomplishing what hasn't already been accomplished, can be considered the overall American Dream. Generally, every child wants to surpass the achievements of their parents as a natural act of competition and personal satisfaction. Throughout The Great Gatsby, The Grapes of Wrath, and Death of a Salesman, there is a constant yearning desire to achieve the “American Dream;” whether it be reality or illusion. Fitzgerald, Steinbeck, and Miller, all portray the ideas of the American Dream relating to the time period that they are referring to. The strive to achieve a goal whether it be to be the wealthiest or achieve a great life by hard work seems to be the template
The American dream is all but a figment of the imagination that is unrealistic to attain since it is becoming harder and harder for any middle class to sustain itself in the middle or the poor society to prosper to the intermediate class. What once was possible is almost impossible to achieve success and wealth through hard work, persistence, and action. The top one percent of the American society is making it impossible for the lower class to hold on to hope for a better future. The richer are getting richer by remarkably increase profits. Yet, the lower class wages have either decrease in some sectors of employment or have remained stationary resulting in “income inequality. That is “…the extent to which income is distributed in an uneven manner among a population” (inequality.org). Today it is even more evident that the lower class is stuck, unable to go nowhere. Savings is almost none existence to the middle and poor classes yet, they are working harder than ever before. Fortunately by having a free democratic society take control over “wealth inequality” the economic difference can stabilize through unionization for all low-wage labor.
When the phrase “American Dream” is uttered, it is typically associated with having money or striving to have money. The dream of much of the public is to have money and to be able to purchase anything they desire whenever they want. For some, this dream is not about money, but it is about having the opportunity to better his or herself and his or her loved ones. In either case, there are certain circumstances and obstacles that make this dream increasingly difficult to attain. Some would even be willing to argue, the American dream is unattainable. “American Dream” is defined as the concept of every citizen of the United States having an equal opportunity to achieve success and happiness through hard work, sacrifices, and risk-taking (Fontinelle);
Despite working hard to achieve the American Dream and to have a prosperous and successful life in America the rising costs of college and housing as well as lower pay in some states creates debt for many Americans. Although other people around the world come to America to reach the American dream, but are halted by all of the costs that reside to become a part of it.