Who Is The American Dream?

1326 Words6 Pages
other necessities but he chooses to throw it away week after week just because there is a slight chance he could win. The get-rich-quick solutions, such as winning the lottery or inheriting a large amount of cash at a young age, are unlikely. Therefore, they are not realistic or practical ways to achieve success and certainly no way to achieve the American Dream. Critical to ensuring any chance of achieving the “American Dream” in this day and age is to obtain a college education. Although it is possible to attain without attending college, it is extremely unlikely. For those with an education, the dream still at least has a pulse. For the majority of people who either do not think they need an education or cannot afford one, the dream probably lost. Adults are often saying “when I was a kid, I had no help with college tuition, I was hardworking and paid it all myself.” There is a lot of truth behind that statement. It was much easier to afford college back in the 1960s and 1970s. In 1970, the annual tuition for Yale was $2,550 (Muskus) and minimum wage was $1.45 (Wage and Hour Division (WHD): History of Federal Minimum Wage Rates Under the Fair Labor Standards Act, 1938-2009). This means the average student with a minimum wage job in 1970 needed to work 4.8 hours a day to pay for tuition. That is about 33.6 hours a week which is a variable full-time job. In 1970, it was easy to graduate from college debt-free. Today, in 2015, the annual tuition at Yale is $47,600 (not
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