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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.
Philip Alston, the United Nations special rapporteur on extreme poverty and human rights, asserted in a 2017 report on an investigation of extreme poverty in the United States that "The American Dream is rapidly becoming the American Illusion since the US now has the lowest rate of social mobility of any of the rich countries." [44]
Number in Poverty and Poverty Rate: 1959 to 2017. The US. In the United States, poverty has both social and political implications. Based on poverty measures used by the Census Bureau (which exclude non-cash factors such as food stamps or medical care or public housing) America had 37 million people in poverty in 2023; this is 11 percent of population. [1]
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The American Dream is over — at least in the way it was traditionally defined. That probably isn’t a surprise to younger generations who grew up during the Great Recession, faced a pandemic ...
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.
poverty, social welfare, economic inequality and social policy: Institutions: Washington University in St. Louis: Notable works: Living on the Edge: The Realities of Welfare in America (1994) One Nation, Underprivileged: Why American Poverty Affects Us All (2005) Chasing the American Dream: Understanding What Shapes Our Fortunes (2014)
The American Dream: An itemized list. Here’s the breakdown. We’ll explain the math below. Retirement: $1.6 million. Homeownership: $930,000. Raising two kids: $832,000