The American Dream: Past and Present

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What percentage of the nation's wealth is controlled by the wealthiest 1% of Americans?

31%

What did the Wall Street Journal/NORC poll find about the American dream?

19% of voters believe in the American dream

What factor has hit home ownership, a marker of the American dream, especially hard?

Low housing inventory and elevated prices

What is probably the main fuel for the belief that the American dream is dying, according to the text?

Soaring wealth and income inequality

According to John Early and former Sen. Phil Gramm, what is the American dream primarily about?

Individual upward mobility

What is the main concern of a lot of Americans according to the article?

The loss of faith in the American dream

During which periods did the polls show that Americans also lost faith in the American dream?

Early 1990s and mid-2010s

How is the American dream generally understood today?

As an upwardly mobile society with opportunities for financial improvement through hard work

What does David Leonhardt report about the typical U.S. family's net worth in 2019?

It was slightly lower than in 2001

What has happened to the earnings of the typical American over the past 40 years according to the article?

They have remained stagnant

Explore the evolution of the American dream and its current status through the lens of public opinion polls. Delve into the shifts in perceptions about upward mobility and prospects for the future, comparing previous periods of doubt to the present era of pessimism.

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