Tag Archives: American Dream

If “Getting Ahead” Depends on Asset Bubbles, It’s Not “Getting Ahead,” It’s Gambling

Beneath the endlessly hyped expansion in gross domestic product (GDP) of the past two decades, the economy has changed dramatically. The American Dream boils down to social and economic mobility, a.k.a. getting ahead through hard work, merit and wise investments in oneself and … Continue reading

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The “American Dream” is Over–and Voters Know It

Despite a ceaseless propaganda campaign declaring all is well with the U.S. economy, the Status Quo is fragile–and voters know it. Not only do they know the economy–and their financial security–is one crisis away from meltdown, they’re also fed up … Continue reading

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Welcome to the Future: Downward Mobility and Social Depression

The mainstream is finally waking up to the future of the American Dream: downward mobility for all but the top 10% of households. A recent Atlantic article fleshed out the zeitgeist with survey data that suggests the Great Middle Class/Nouveau … Continue reading

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The Troubling Decline of Financial Independence in America

By financial independence, I don’t mean an inherited trust fund–I mean earning an independent living as a self-employed person. Sure, it’s nice if you chose the right parents and inherited a fortune. But even without the inherited fortune, financial independence … Continue reading

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