economic mobility

Is The American Dream Dead?

American flag

The American Dream—the idea that any American has the ability to pull themselves up by the bootstraps, work hard, make good decisions, and lift themselves from even abject poverty to extreme wealth—is what has always made America different from any other nation on earth.  Only in the United States’ free market capitalist economic system has this level of economic mobility been possible, which is why people from around the world have flocked to the United States throughout its history.  But is the American Dream still possible?

According to a recent Rasmussen Reports survey, 59 percent of Americans believe that it is impossible for any individual American to work hard and get rich, the highest level ever.  Not only that, only 48% believe that it is possible for anyone to work their way out of poverty, while 39% disagree.  Rasmussen also shows that pessimism is at an all-time high, with only 25% of Americans believing that the economy will be better a year from now than it is today.  Given the sorry state of the American economy, that’s a very sad statement.


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