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The "American Dream" is a phrase referring to a purported national ethos of the United States: that every person has the freedom and opportunity to succeed and attain a better life. [2] The phrase was popularized by James Truslow Adams during the Great Depression in 1931, [3] and has had different meanings over time.
But although roughly 50% of Americans in each racial and ethnic group said the American dream was attainable, Black Americans were about twice as likely as respondents in other groups (11%) to say ...
An earlier American Dream report, released in 2023, put the lifetime tab at only $3.4 million. But Silver cautions readers not to compare that report with the new one. Homeownership is a goal for ...
And despite their mistrust of the richest, most Americans still dream of one day joining their ranks. While 39% of respondents report despising billionaires, 61% look up to them.
[57] [58] [59] The report “Pursuing the American Dream: Economic Mobility Across Generations” found that a four-year college degree promotes upward mobility from the bottom and prevents downward mobility from the middle and top. For instance, having a four-year college degree makes someone born into the bottom quintile of income three times ...
James Truslow Adams (October 18, 1878 – May 18, 1949) [1] was an American writer and historian. He was a freelance author who helped to popularize the latest scholarship about American history and his three-volume history of New England is well regarded by scholars. [2]
More specifically to the US, the curve challenges the recent viability of the "American Dream" by linking inequality to limits on opportunity, questioning whether the US has chosen to accept unequal outcomes in order to create equal opportunities. Thus, the Great Gatsby curve has been popular regarded as a challenge to Americans' beliefs. [16]
New American dream. The Association of American Residents Overseas (AARO) estimates that at least 5.4 million Americans lived abroad in 2023. The biggest share of expats (40%) are thought to live ...