More People Express Uncertainty In Chance To Achieve The American Dream

And this also holds true for overall ratings of the U.S.” We like the States and we like the lifestyle. Let the governments worry about the things that should be worried about by them. Annie Liu Developer Liu is a fan of the United States as well, overseeing construction for the next phase on his 70-square-kilometer lot — the size of 13,000 American football fields. His plans include 2,000 townhouses mimicking the feel of Mendocino, a scenic coastal town in northern California, and a winery that he says will rival Napa Valley in ten years. In between sipping wine and chatting with residents at a lunch gathering on site, the 51-year-old businessman from the central Henan province reflects on his corporate mission.

Meanwhile, 55% said that the American dream wasn’t within reach for most Americans. That means a good portion of us are either overly optimistic about our own prospects, or overly pessimistic about the prospects of others. My bet is the former. Here’s my takeaway: Most of us still believe in the American Dream — but the nature of that dream seems to be changing. Debt is now woven into the fabric of our society.

Im worried to death where the country is going. Land of opportunity Although the idea of the American Dream can be traced to the Declaration of Independence, the phrase is attributed to historian James Truslow Adams. In his 1931 book, The Epic of America , Adams defined it as the dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement. That ethos still has meaning in the lives of most people, but the definition is shifting for many. One element has remained most constant: having the freedom to live life in the way one chooses. <a href=’’>The Elevation Group Three-quarters say that is very much how they understand the American Dream, only a slight drop from a 1986 survey by the Wall Street Journal asking the same question. Many people also still harbor an enduring faith that hard work is the surest path to success. In the poll, just one-third say it is no guarantee of success, while two-thirds say most people can get ahead financially through effort. In fact, hard work and education are rated far more highly than social connections, growing up wealthy or natural ability as factors leading to financial success. But many Americans are questioning old assumptions and changing how they define success. The luster of homeownership, which had been shorthand for the American Dream, is fading, with more than a quarter of all homeowners owing more on their mortgages than their properties are worth.


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