The classic tale of rags to riches, from zero to hero, the American Dream is something everyone has been chasing for decades. It is the ideal that everyone in the United States has the equal opportunity to reach the incredible status of fame and wealth. The only determining factor, then, should be how much hard work the individual puts into their life; that the more they work towards it, the closer they will be to reaching that great dream. The question, however, still remains: is the American Dream even possible? Do the values of hard work actually hold true, or is America actually built upon a massive hoax? Based on examinations of the distribution of wealth, percentage of wealthy and poor by race, and other shocking statistics, one thing seems to be certain. Though there may have been a brief time in which the American Dream was plausible, it’s just short of impossible in society today due to the immense, and growing, gap of income between the middle class and wealthy class, and the unfair distribution of the nation’s income, especially by race. First of all, what would be considered …show more content…
Since 2014, the average cost of living in America is $20,194 per person (U.S. Bureau of Labour) and the average household income is $51,939 (U.S. Census Bureau). Considering that the majority of households consists of families, the cost of living easily overcomes the average income. Furthermore, it is much harder than ever to become “rich” in the U.S. today, because the wealth gap between the classes has skyrocketed. Studies show that “the bottom 80% of Americans have just 7% of the nation's wealth” and that “the top 1% own 40% of the country's wealth” (Elkins). The average income of the poor has scarcely grown, and yet the income of the wealthy has doubled in the past fifteen years (Snyder). It is harder than ever to move out into the wealthy social class, especially from below the poverty
According to Gregory Mantsios many American people believed that the classes in the United States were irrelevant, that we equally reside(ed) in a middle class nation, that we were all getting richer, and that everyone has an opportunity to succeed in life. But what many believed, was far from the truth. In reality the middle class of the United States receives a very small amount of the nation's wealth, and sixty percent of America's population receives less than 6 percent of the nation's wealth, while the top 1 percent of the American population receives 34 percent of the total national wealth. In the article Class in America ( 2009), written by Gregory Mantsios informs us that there are some huge differences that exist between the classes of America, especially the wealthy and the poor. After
America was once known as the land of opportunity. However, that is no longer the case. Americans are still suffering from a depression that began three years ago in 2008. According to the Bureau of Labor Statistics, in 2007, the United States unemployment rates were 4.6 percent. In 2009, one year after the depression began, the unemployment rate rose to 7.6 percent. Millions of Americans are living in poverty, unable to afford the basic necessities. On the other hand, there is a minuscule percent of the population that are billionaires. Written in 2005, Holly Sklar’s essay “The Growing Gulf Between the Rich and the Rest of Us” argues that if something isn’t done about the growing inequality between the rich and the poor, the American economy as a whole will weaken. A year later, the Economist published the article, “Inequality and the American Dream” implies that the American dream is broken. Sklar’s argument sheds light on the Economist’s argument. In particular, Sklar’s use of facts regarding the wealthiest Americans, the poorest Americans, and the discussion of the impact of inequality on society provide insight into the Economist’s article.
Is the American Dream dead or alive? To many the American Dream is the ability to work hard enough to fulfill their dream and unlock opportunities for success. In the article “Is the American Dream Still Possible”, David Wallechinsky demonstrates the many problems in Americans way. He provides family and individuals stories that explain the reason they don’t believe in the American Dream like prices going up and citizens not getting paid enough. He makes his claim convincing to make individuals believe that his perspective is correct.
The American dream is defined as “...the ideal that every US citizen should have an equal opportunity to achieve success and prosperity through hard work, determination, and initiative” (Oxford Dictionary). The guarantee of economic and social opportunity attracts hundreds of thousands of immigrants to the United States and allows this nation to be so prosperous. As time has gone on, however, the American Dream dwindles to just a whisper of the past. Although there are still many hard working Americans, the success of each individual no longer correlates to the degree of effort that American’s put into their line of work, proving the barriers that separate many from a successful lifestyle. This epidemic is shown in Barbara Ehrenreich’s Nickel
The American dream has been a tangible idea, greatly sought after by many over the course of American History. The dream has eluded many, to strive for achieving in America’s open markets, and become a self-made man from the sweat of one’s brow. The idea of become self-sufficient, and have limitless dreams that take one as far as they are willing to imagine is captured very differently from The Great Gatsby to A Raisin in the Sun. Both novels seem to have the American dream as their subject, but both end up having very different outcomes to how one achieves it, and if the dream is truly in existence, namely with the characters of Jay Gatsby and Walter Younger. The books mainly brushes upon the idea of what the American dream truly is, how one achieves the dream, and what the real fulfillment the dream encompasses.
The phrase “The American Dream” is an incredible thing. The promise of that dream has convinced hundreds of millions of people that, as a citizen of this country, you can accomplish anything if you work hard enough. Whether you want to be a doctor, athlete, or even a president, those things should all be within your reach, regardless of your class or race! America is the nation where dreams can come true. Unfortunately, for a large number of people that believe this, this is a concept that does not apply to them. Many Americans find opportunities are denied to them because of their race. Others can be found living in poverty and far from anything that would be considered desirable. Statistics show that the wealthiest 1 percent of Americans earned 9 percent of all U.S. income in 1979. Did you know that the same 1 percent earns 24 percent of all U.S. income today? That is a staggering example of the income inequality in America. The American Dream is that if you work hard and have the ability you will succeed, but that has become an impossibility for millions of disadvantaged Americans because the income inequality has been steadily increasing since the 1970s and racism and poverty are constant barriers to their success and financial security.
The highest earning fifth of U.S. families earned 59.1% of all income, while the richest earned 88.9% of all wealth. A big gap between the rich and poor is often associated with low social mobility, which contradicts the American ideal of equal opportunity. Levels of income inequality are higher than they have been in almost a century, the top one percent has a share of the national income of over 20 percent (Wilhelm). There are a variety of factors that influence income inequality, a few of which will be discussed in this paper. Rising income inequality is caused by differences in life expectancy, rapidly increases in the incomes of the top 5 percent, social trends, and shifts in the global economy.
In the United States there are four social classes : the upper class, the middle class, the working class, and the lower class. Of these four classes the most inequality exists between the upper class and the lower class. This inequality can be seen in the incomes that the two classes earn. During the period 1979 through the present , the growth in income has disproportionately grown.The bottom sixty percent of the US population actually saw their real income decrease in 1990 dollars. The next 20% saw medium gains. The top twenty percent saw their income increase 18%. The wealthiest one percent saw their incomes rise drastically over 80%. As reported in the 1997 Center on Budget's analysis , the wealthiest one percent of Americans ( 2.6 million people) received as much after-tax income in 1994 as the bottom 35 percent of the population combined (88 million people). But in 1977 the bottom 35 percent had about twice as much after tax income as the top one percent. These statistics further show the disproportional income growth among the social classes. The gr...
One would expect that social equality would just be the norm in society today. Unfortunately, that is not the case. Three similar stories of how inequality and the hard reality of how America’s society and workforce is ran shows a bigger picture of the problems American’s have trying to make an honest living in today’s world. When someone thinks about the American dream, is this the way they pictured it? Is this what was envisioned for American’s when thinking about what the future held? The three authors in these articles don’t believe so, and they are pretty sure American’s didn’t either. Bob Herbert in his article “Hiding from Reality” probably makes the most honest and correct statement, “We’re in denial about the extent of the rot in the system, and the effort that would be required to turn things around” (564).
Is The American Dream Achievable? The American Dream is the belief that anybody can achieve anything in life. America is known as the country of opportunity, regardless of race, gender or nationality. The land of opportunity, equality, rights and liberty. The American Dream is to be successful, no matter what social class an individual belongs to.
The American Dream has been the ideal way of life to every citizen. Equal opportunity to achieve success through hard work and persistence allows people to strive for The American Dream. For others, The Dream might have a different meaning to what the think is achievable. In the essay, “Is the American Dream even possible” John Steinbeck makes accusations about the American Dream and the credibility of it. The American Dream in Steinbeck's perspective is that in reality, The Dream is there to believe but not there to its full potential.
People who work hard enough become successful and build a good life for themselves and their family. Millions of Americans and others who admire America have believed this for generations. However, is this still true? Brandon King debates his interpretation of the American Dream in his published work, “The American Dream: Dead, Alive, or on Hold?” During his essay, the speaker highlights how important the American Dream is to the economy and providing a distance from inequality. The speaker emphasizes his belief that the American Dream is still alive within America and that people must work hard to achieve it. When discussing the American Dream, King will agree that the idea is alive and thriving in the minds of Americans; yet, I argue that the idea is on hold within American society due to lack of upward social independence and economic mobility.
The American Dream is so important to our country and especially for our generation to take seriously. The American Dream is the opportunity to reach the goals one sets for themselves. It is about having your dream job and life you have always fantasized about. The dream is also about having freedom and equality. The American Dream was much easier to attain a few decades ago compared to today. However, it is still possible. The economy was better fifty years ago than it is today. People are in greater debt now and the United States is in higher debt than it was fifty years ago. The American Dream is still possible despite the lack of improvement within social mobility in American society over the past years. The American dream is achievable by being able to live a middle-class lifestyle and that lifestyle is obtainable through hard work and perseverance, even in light of obstacles such as racism. “The American Dream is still achievable, however, the good news is that people at the bottom are just as likely to move up the income ladder today as they were 50 years ago” (O’Brien 1). The ability to attain the American Dream is hindered by race, the middle class, and giving up facing adversity.
Money constitutes the American Dream, because in America, to be successful in life means being wealthy. We live in an industrialized nation, in which money controls our very own existence. The Lesson by Toni Cade Bambara establishes an argument about society’s injustice that entails financial opportunities by revealing the differences in living conditions between upper class and lower class. Another important point Stephen Cruz, a successful business person and a Professor at the University of Wisconsin at Platteville, makes in his speech is that the American Dream is getting progressively ambiguous, because the vision of success is being controlled by power and fear which only benefit 1 percent of Americans. For most people, the American Dream is to be financially stable to the point of content; however, realistically the accomplishment of the American Dream is often obstructed by society’s limitations and influences from higher power.
The “American Dream” consists of all U.S citizens having the opportunity to obtain success and prosperity through hard work and determination, but, in a capitalistic economy such as the United States the “American Dream” is merely impossible. Low wages are masked as starting points, taught to eventually pay off in the form of small raises or promotions. Competition to obtain unequally shared resources, is used to define an individual’s extent of initiative. In reality, these are all concepts used by the wealthy to deter the poor working class from obtaining upward mobility. Middle class America, the key factor in helping the wealthy stay wealthy, have adapted to these beliefs and concepts, created to keep them far behind. Conflict theorist