American Dream Research Paper

Superior Essays
It’s no secret that the American Dream is viewed a lot differently now, as opposed to in the twentieth century. It used to be the idea that no matter who you were or how you started, any citizen in America had the opportunity to live that dream. “Life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement regardless of social class or circumstances of birth.” In 1931, that was how James Truslow Adams properly defined this ideal. Anyone was able to live an adequate lifestyle. This dream usually was about finding a sufficient house and family, usually the man with some sort of trade and the wife staying home with the kids. This is not so much what the adults today wish for. What was …show more content…
Young adults are now opting for travel, pets, and apartments. The millennials seem to long for less permanent decisions in their lives, with less responsibility. Now although they lack that structure, according to Huffington Post, the millennials actually have quite ambitious dreams. Dreams that impact our world greatly and have a lot of meaning. Most in the 1950’s would just settle for starting a business and getting a white picket fence. According to another article by the Huffington Post, only 64 percent of the public still believe in the American Dream. Is this due to the unrealistic goals of the millennials?
This change, or death, of the American Dream could actually affect America in a lot of ways. For one, if everyone wants to do huge things and impact America, what about all the not-so great
…show more content…
An article in The Wall Street Journal tells us that homeownership has hit rock bottom with young adults. How are people expected to spend money on college, and then while in debt, buy a house? It’s economic suicide. Especially when college and house prices continue to increase drastically over the years. It is more logical for adults to hold off on buying a house until they have their finances situated, rather than just conforming to “the norm.” That’s another factor here. Chasing the American Dream because that’s what society wants or expects you to do. You get thrown out into the world and are expected to move along with the flow of your parent’s and grandparent’s lives. That doesn’t work anymore. Our world is constantly changing, especially with the production of technology and innovations. What people today desire and need is not going to be the same as fifty years ago, so it’s ridiculous to assume so. In this ever-changing country, full of opportunities, settling down and buying a house will not work for some

Related Documents

  • Improved Essays

    George Carlin, a Grammy winning actor and comedian once said," the owners of this country know the truth .... it's called the American Dream because you have to be asleep to believe it. " American is built on can do attitudes, million dollar ideas and a dream everyone has but so few are able to obtain. This dream is different for everyone, but for everyone it includes acquiring some form of success.…

    • 944 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    Many immigrants all over the world come to U.S every year to seek their American Dream, which is a national ethos of the United States. Moreover, the American Dream is used in a lot of ways but it essentially is a set of ideas that suggest that all people in the USA can succeed through hard work. Moreover, anyone has potential to lead a happy, successful life. A lot of people believe that rising social mobility and success is possible in the U.S for everyone due to the American economic and political system. James Truslow Adams in 1931 defined the American dream as: "life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement regardless of social class or circumstances of birth.”…

    • 1927 Words
    • 8 Pages
    Superior Essays
  • Great Essays

    As stated by the chief economist at the National Association of Realtor, this can be partially explained by the fact that many mortgage lenders refuse to give out large loans to individuals with large debt obligations, such as those resulting from student loans (Holland). After college graduation, some young adults choose to move back in with their parents to avoid having to pay rent and other expenses. Approximately 36% of Americans aged 18 to 31 were living with their parents in 2012 (Fry). Because the housing market accounts for approximately 15% of the total economic activity in America, postponing homeownership directly creates negative economic consequences (“Social Benefits of Homeownership and Stable Housing ”). Residential investment, which includes construction of single and multi-family structures, residential remodeling, and production of manufactured homes, specifically comprises about 5% of America’s overall national gross domestic product (GDP) (Greiner).…

    • 1086 Words
    • 5 Pages
    Great Essays
  • Improved Essays

    In the following articles “I’m a Millennial and my Generation Sucks” by Johnny Oleksinski and “Are Millennials the Screwed Generation?” by Joel Kotkin, many factors such as adulthood, education, and baby-boomers have led to a dismal outcome for millennials in the future. One would believe this is a significant topic for college students because their opportunity to enter the job market and real world is coming soon once the baby-boomer population dies. Although the two authors share many different opinions, they both convey that millennials do not have the same reality as the previous generations before them. From reading the article, “I’m a Millennial and My Generation Sucks” by Johnny Oleksinski knows that millennials take life for granted…

    • 1120 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Firstly, the author for CBC News (2015) argues that Baby Boomers have both helped in the mortgage payments of their adult children, as well as, acquired even more expensive homes. For instance, Boomers can easily afford to pay for houses in traditional luxury neighborhoods such as Forest Hill in Toronto, and Shaughnessy in Vancouver. (CBC News, 2015) Similarly, Boomers, who live relatively alone or only with their partners, have shown an increase in their interest towards luxury condominiums, where each apartment can reach 3,000 square-foot in size. (CBC News, 2015)…

    • 1833 Words
    • 8 Pages
    Improved Essays
  • Improved Essays

    American Recovery Failure

    • 1222 Words
    • 5 Pages

    Today, the country continues to recover from the financial turmoil of the recession. Unemployment still lags, interest rates are still at a record low and growth is slow but the housing market shows signs of an upturn. The U.S. government could’ve prevented the Great Recession of 2009 if they would’ve set in place specific standards for the banks to abide by. The idea to encourage and increase home ownership was very smart since there were many people that coupled home ownership with having a lot of money. Unfortunately, not many people were educated on how purchasing a home worked thus they didn’t understand that they could very well have a mortgage rather than paying rent.…

    • 1222 Words
    • 5 Pages
    Improved Essays
  • Superior Essays

    Housing Market Bubble Case Study

    • 1229 Words
    • 5 Pages
    • 10 Works Cited

    In 2005 over 1,283,000 family homes were sold throughout the U.S. housing market according to U.S. Statistics. This was a larger number of houses sold compared to previous years with a range of 609,000 houses being sold per year. This was expansion, with lower interest rates, economic booms, and most people living in houses they couldn’t really afford if you looked into their finances. This is what later created negative home equity balances, and forecloses along with many evictions. Before the collapse of the housing bubble more and more people thought at least that they were “living the American…

    • 1229 Words
    • 5 Pages
    • 10 Works Cited
    Superior Essays
  • Improved Essays

    Everyone, from a small child learning their ABC's to a grown adult working in a silent cubicle 5-7 days a week, has a dream. Of course, these dreams will differ, but the idea is the same. Everyone has a goal they set. Perhaps the child's goal is to become president, or an astronaut. The adult's goal could be to travel, or get the girl/guy that they've had their eye on.…

    • 681 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    American Dream Changes

    • 1022 Words
    • 5 Pages

    just think about it for a moment, what was the main thing that many people wanted ? The dream of everyone was a change, they wanted just a different way of life, they wanted more opportunities to progress because if the people had more opportunities the people would evolve and as the people evolve the nation also will progress or evolve. In my point of view the "American Dream " was like a type of way to make the old America evolve and change, nowadays people will have different points of view of it, such as thinking that people still believe in the American dream maybe it can be true, because such as immigrants still have to work very hard for what they want and also many people from around the world are coming here to change their life and have a better one than they used to have before. True, USA has many jobs for people but not so well paid for immigrants than a native born here.…

    • 1022 Words
    • 5 Pages
    Decent Essays
  • Improved Essays

    Many wonder if the American Dream is still alive. To decide one must look at what it once stood for, what is stands for today, how it was once achieved and if it is being achieved or is achievable today. When doing so it seems as if the dream has changed over the generations. There is debate on whether or not The American Dream is still alive for todayś young adults. “Some say the “dream” is dead.…

    • 1342 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    While some people believe that America has stopped providing citizens with the opportunity to achieve the American Dream because of the constantly changing economy and job opportunities that are available, many Americans can argue that the American Dream still exists today due to the many different long term goals that a number of American citizens have set for themselves. America has been offering the opportunity for immigrants to come to America since the 17th century. The main reasons these peoples came to America was to either escape the rule of their homeland or heard of the great promises of America and wished to start a new life and receive gifts that have been offered. The basic meaning of the American Dream is the promise that people who immigrate to America or already…

    • 793 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The American Dream has become into an aspiration that people has given up. The people hasn’t only gave up, but also it has made them believe that there is no way out. The America’s social system and class are viewed as barriers that enable us to lose hope of reaching the “American Dream” due to barriers such as capitalism, fear of taking risks, low wages, and becoming the illusion that the American dream is possible. The biggest fear for any person in the United States and throughout the world… that has abstain them from becoming the next Henry Ford… it has been and always will be the fear of taking risks. In the Death of a Salesman, Willy a tumbledown man who aspires to accomplish his dream of becoming successful and acknowledging that all…

    • 1071 Words
    • 5 Pages
    Improved Essays
  • Superior Essays

    American Dream Motivation

    • 1281 Words
    • 6 Pages

    Motivation Makes a Dream Reality Approximately the top one to two percent of people in the United States are considered part of the wealthy class which is defined as making above $250,000 per year (Francis). The American Dream is defined as "the ideals of freedom, equality, and opportunity traditionally held to be available to every American and a life of personal happiness and material comfort as traditionally sought by individuals in the United States” (Definition of American Dream). The key to understanding this definition is the phrase “sought by individuals in the United States.” To achieve a sense of security in America, citizens must work diligently throughout the entirety of their lives.…

    • 1281 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    The American Dream of home ownership was no doubt sucker punched during the Great Recession and became what many wished was a nightmare they could wake from. Deep emotional scars pierced many of all ages who had lost their homes during the housing crisis. As a result, visions were blurred as they wondered whether they would ever be able to own their own home again. People who were fortunate enough to maintain their mortgages saw their home values decline. Trust in our economy was compromised in the process.…

    • 828 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The Fading American Dream “I see America from the eyes of a victim. I don’t see any American Dream. I see an American nightmare.” (Malcom X). The American Dream was a promise where there would be equality, financial stability, a successful job, and rightful home ownership.…

    • 909 Words
    • 4 Pages
    Improved Essays