The American Dream

The American Dream

On July 4th, 1776, The Founding Fathers of the United States of America had written the Declaration of Independence. This document told of a particular promise of “certain unalienable Rights, that amongst these are Life, Liberty, and the pursuit of Happiness.” This statement is the crux of the idea known as the American Dream. It promises citizens the ability to live and be whoever they want to be. However, today Americans live in a world where achieving that vision is very difficult to achieve for a great many people in our country. The middle class of this country is dwindling and many do not have access to luxuries such as health care, education and insurance. As a result, People nowadays are beginning to lose faith in the feasibility of the American Dream.

One of the reasons that people are losing faith in the American Dream is because of how hard it is to even start on that path towards wealth and happiness. Middle and lower class citizens often do not have the resources to get this ball, of high social mobility rolling. As Ben Casselman had observed in a study from the analysis blog fivethirtyeight.com, the middle class has not had its wage increase in the past 16 years. Additionally, the number  of middle class households in America is dropping, because The median household income is decreasing for middle class of Americans, while upper class incomes increased. This is causing a slow death of the middle class of America. This causes many people to lose even more opportunities than they had to begin with, which disallows people to progress with their dream.

Another one of these reasons is because of how difficult it is for one to acquire sufficient health care in this country and as wealth slowly drifts away from the middle-class, the cost of medical care is increasingly being born by those families. An annual study by the Milliman actuarial firm shows that the employer-funded portion of healthcare has risen 52 percent since 2007, the first year of the recession. In addition, household costs has increased by an astonishing 73 percent, or 8 percent per year, now averaging out to be $9,144. This means that average household health care costs are increasing as income decreases. This amount of payment can become very strenuous to the average middle-class family.

Another huge obstacle that many middle to lower class citizens is the search for affordable college education. This is not to mention the immense amount of debt many people have borne on their shoulders. Since the year 1985, college costs have risen by 500 percent and the overall consumer price index has risen by 115 percent. Also as of 2013, the estimated cost for tuition at a private university was $130,000 for over four years, excluding the cost for food, lodging, books, and any other expenses. The fact that colleges can be this costly makes it very difficult for the average American citizen to deal with.

The American Dream is beginning to feel like what it exactly is, a dream. Many people may fantasize about having immense amounts of wealth but, very few will actually end up achieving it. Some people have even given themselves a new dream, an “American Dream 2.0” if you will. This new vision consists of the ideas that anyone can go to college if they have the necessary resources, are okay with going into debt, can somehow get the coveted scholarship, are willing to go to community college, or come from a family of means. Their updated “dream” shows that people are beginning to lose faith that they can achieve this vision of wealth and are starting to willingly settle for less. The rights of life, liberty and the pursuit of Happiness may be unalienable but, in the present day, they are also unattainable.

Works cited:

www.cbsnews.com. CBS, 06 09 2015, website, 16 09 2015

Richard Eskow. www.alternet.org. AlterNet. 22 10 2014. website. 16 09 2015

Joe Pinsker. www.theatlantic.com. The Atlantic. 06 15 2015. website. 16 09 2015

Amy Traub, Heather C. McGhee. www.demos.org Demos. 06 06 2013. website. 16 09 2015