The Great Recession And The American Dream

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.

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,

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.

The American Dream has held a special place in the hearts of patriots since the very founding of America in 1776. It has been a subject of many authors who grapple with its attainability, and is a beacon of hope gazed upon by victims of circumstance. The Dream has been interpreted by great minds in various ways, and has been deemed both an evil deception and a great promise of a better life. However, the American Dream has morphed from this promise of opportunities and second chances--in fact, it has become viewed as a cause for societal competition and the reason for decreasing happiness among the American people. As Americans attempt to “achieve their goals,” and “keep up with the Joneses,” they subject themselves to the materialistic cycle of greed. Success, and the goal of the American Dream, has been redefined. To be put simply, the American Dream is now to be richer than one’s neighbor, despite the fact that happiness--and thus, the Dream--cannot be achieved solely through wealth and material goods.

It can be argued that the American Dream is dwindling as the country ages. As the country’s population rises, competition becomes more intense. This undoubtedly can make it more difficult to achieve a level of success that was more easily attainable 30 years ago. In addition, the cost of education has gotten so high that many graduates are paying back student loans for years. Many are stuck in a pit of debt that greatly hinders their career and personal goals. Also, rising costs of healthcare make it nearly impossible for some lower-income families to worry about more than keeping their basic needs met. In fact, some millennials are so fed up with current conditions that they completely deny the existence of the modern American Dream. For example, Andy Vasoyan, a 24 year old freelance voice actor and audio producer said, “I feel that the American dream (existed) and then just disappeared into the ether. Right now, because of income inequality and the difficulty of living in urban centers, it’s probably impossible for a huge segment of the population. And I don’t know if it was ever a real thing, but the idea of working

However, the American Dream is now a more modest version of itself than what it was before. People would rather live in a 3 bedroom home than a lavish gigantic home because gaining financial care and security for the forthcoming is more critical. King indicates that the Great Recession had brought many obstacles in the United States, but people are working to rise out of the Great Recession by changing their way of life. Indicating that the American Dream is still alive, but it is now all about working harder to prepare for the future and have a secure life.

In the articles, “The American Dream: Dead, Alive, or on Hold by Brandon King, the author argues his opinions on the American dream and how it still alive and attainable, although he realizes that the dream is not the same as it was before. At the time King wrote this article, he was a student at the University of Cincinnati in 2011, three years after the stock market crash in 2008. With the timing of the stock market crashing, this gave King the idea of writing about the American dream and how it is today. When the article was published in the college book “They say, I say” we the reader saw that King redefined the American Dream as "the potential to work for an honest, secure way of life and save for the future." Replacing what he described

Over time, The American Dream has changed in an innumerable amount of ways. Past civilizations have laid the foundation for what we view it to be today. In the 1970s, people looked at a variety of aspects such as culture, political affairs (government), one’s appearance, and entertainment to fit their definition of “The American Dream”. The 1970’s helped shape and influence what people regard as the current American Dream.

The article “Is the American Dream Dying?” implies, “The American Dream is not dead”…”It just got a little more difficult to achieve” (Rickert 3). The inquisition of whether the American Dream is still alive or deceased remains a debate today. A multitude of individuals believe the American Dream has become impossible to obtain. On the other hand, others have come to a conclusion that the American Dream is still alive and transforming with individual aspects of life. Due to the evidence of changing family structure and growing individuality, the American Dream is indeed alive and evolving with new aspirations of the future.

America is seen as the land of opportunity in that there are endless possibilities for an individual. In this land of opportunity, Americans strive to obtain the ideal known as the American dream. The American Dream is seen as the accomplishment of an ambition achieved while challenged by adversity.1 Americans often associate this success with the ownership of a home. The home is not simply a place of basic protection; there is a much deeper connection to the individual. Ownership of a home grants freedom and security that establishes a sense permanency for the individual. In contrast, renting a living space possesses a semblance of instability and dependence.2 The desire to improve ones’ position in life inspires one to

As time has went on the meaning of the American Dream has altered. When Adams trademarked the term the American Dream, the idea of it was for people to become “better and richer and fuller,” (Adams 412), but now as 20th century inventions have been introduced to society the dream has changed. People want what others have and what is portrayed as glamorous and prestigious. A prime example is Gary Soto’s recollection of his childhood obsession with wanting to be like the families he saw on the television saying, “I very much wanted to imitate [the families from Leave It to Beaver and Father

Many years ago today, the United States of America was the prime example of prosperity and opportunity. It established America with the idea that its citizens would be guaranteed life, liberty, and the pursuit of happiness. Today, it is true that people have liberties and are free to pursue happiness. However, in recent years, in the worst recession since the Great Depression. Unemployment, growing economy inequality, and medical care have skyrocketed. Despite the odds, the American Dream is still a goal that many people strive for and hope to reach. In fact, an essay written by Brandon King, The American Dream: Dead, Alive or on Hold? He says, “the American dream is a dream in which life should be better and richer and fuller for everyone, with the opportunity for each according to his/her ability and achievement…” (King 610-611). Therefore, the problem with the American Dream lies not within the dream itself, but within the means people pursue to attain this dream.

In the article “The American Dream: Dead, Alive, or on Hold?” Brandon King states that even though The Great Recession had a huge effect on the nation’s economy and each person’s life, he believes that the American Dream is still living, and it is a significant solution of recovering the economy. King begins his article by providing two contrasting ideas of the American Dream, which are about the existence of it or not. Then, he continues to give the new definition of the phrase “The American Dream,” known as having comfort and security instead of working hard to achieve success. The author goes on to write about the fragile economy nowadays, and he believes that the economy is having a hard time to recover because of difficulties from the Great Recession: the price of housing goes down, people get jobs slowly, and it is not easy to get money immediately. After making note of this, King continues to discuss that the government’s solution currently does not work for everyone. He states that the result of raising minimum wage does not help poorer become richer. Furthermore, King agrees that we should plan by saving more and enacting policies that sustain economic growth that will keep the American Dream alive. After reading this article, my point of view is opposite with the author’s idea that the American Dream nowadays does not exist like before the Great Recession happened, which was in 2008. It is shown through the debt of new graduated students

Nowadays, many Americans wonder if the American Dream is still alive. At one point in our country, people felt that they could achieve success by working hard. However, after the economic hardships and recession of the 21st century, a number of Americans not only lost income, but some also lost their jobs. Although there has been slow progression to improve the economy, there are those who question whether or not the dream of Americans can ever be achieved again. With unemployment levels still high and salaries failing to increase, there certainly is doubt in most of Americans. In his essay, Brandon King formulates ways to redefine and change the way to look at the American dream. After analyzing King’s essay, one can see his view as believing that the dream is still very much intact. As he points out, the American economy is a very complex system that has had downfalls, but there is always a way to get back up from it. Regardless of your economic status (poor or middle class), if one has a working job, it is possible to succeed based on how much someone is willing to work to achieve their goals. As King would agree, the American dream is not only still alive and well, but anyone can reach success.

In 1937, James Truslow Adams coined the term “American Dream” in his book The Epic of America. Adams stated the “American Dream” was a land of opportunity for everyone. In this utopia, every man and woman is able to reach their highest potential in employment, housing, and family regardless of birth or position, because they worked hard and earned it (“What is The American Dream?”). Ever since 1937, Americans have had this idea in their head of finally achieving the “American Dream” with their spouse, house, white picket fence, 2.5 kids, and movement up the socioeconomic ladder. It is what people whisper at night as they leave their war-torn streets for a better life. Yet in the past few years, that dream has begun to crumble. I believe Millennials are waking up to see that this dream utopia is flawed.