Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Is the American Dream possible? It is if you earn at least $500,000 a year
CBS "News" ^ | January 10, 2020 | BY AIMEE PICCHI

Posted on 01/10/2020 12:51:45 PM PST by Oldeconomybuyer

To achieve the American Dream, it helps to be filthy rich. That's the upshot of a new survey that found nearly three-quarters of the top 1% of income earners in the U.S. think they've reached that classic, if somewhat hazy, benchmark of economic success and independence. By contrast, only 37% of those in the middle class believe they're living the dream.

The top 1% - who earn at least $500,000 annually - are living "dramatically different life experiences" than middle- and low-income Americans, according to a poll from Harvard's T.H. Chan School of Public Health, the Robert Wood Johnson Foundation and National Public Radio.

Additionally, about 3 of 10 lower-income Americans and 1 in 10 middle-income respondents said they have struggled to buy food in recent years. (Lower-income is defined as earning less than $35,000 per year, while middle income respondents earn between $35,000 to $99,999 annually.) Lower- and middle-income respondents were also more likely to say they struggled to pay for housing than wealthier Americans.

Most Americans say there's too much income inequality today, according to a poll released Thursday by the Pew Research Center. But it's unclear whether there's the political will to address it, with fewer than half believing it should be a top priority of the federal government. Instead, issues such as climate change and affordable health care are ranked as more pressing problems, Pew found.

(Excerpt) Read more at cbsnews.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: classwarfare; election2020; income; journalism; socialism; university
Navigation: use the links below to view more comments.
first 1-2021-4041-52 next last

1 posted on 01/10/2020 12:51:45 PM PST by Oldeconomybuyer
[ Post Reply | Private Reply | View Replies]

Ahh election season has started. Priming up the victim generation


2 posted on 01/10/2020 12:54:26 PM PST by dsrtsage (Complexity is merely simplicity lacking imagination)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer
The top 1% - who earn at least $500,000 annually - are living "dramatically different life experiences" than middle- and low-income Americans,...

I believe this is what's called a "truism".

3 posted on 01/10/2020 12:55:28 PM PST by facedown (Armed in the Heartland)
[ Post Reply | Private Reply | To 1 | View Replies]

Besides it is 100% if you didn’t attend school here


4 posted on 01/10/2020 12:55:36 PM PST by dsrtsage (Complexity is merely simplicity lacking imagination)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Oldeconomybuyer
it's unclear whether there's the political will to address it

What a load. Political will? What does that even mean - "basic income"?

Addressing it means getting an education and a good job. In this economy there's no excuse not to.

5 posted on 01/10/2020 12:56:07 PM PST by grobdriver (BUILD KATE'S WALL!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

What absolute BS.


6 posted on 01/10/2020 12:56:23 PM PST by mort56
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer
"To achieve the American Dream, it helps to be filthy rich"

BS! Living debt free, other than perhaps your house, is the way I am "living the dream". And I am anything but filthy rich.

7 posted on 01/10/2020 12:56:45 PM PST by ImpBill (Conservative voter sans political Party!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer
...those who earn at least $500,000 annually - are living "dramatically different life experiences"


8 posted on 01/10/2020 1:00:38 PM PST by ProtectOurFreedom
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

I would say that this ‘dissatisfaction’ is more a matter of perception than it is reality. We all have it so good that we think the norm is for the other poor slob, not me.

I heard it said once that 80% of people think they’re above any job that pays what 50% of the country earns.


9 posted on 01/10/2020 1:01:41 PM PST by Quality_Not_Quantity (A law means nothing if it isnÂ’t followed.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mort56

Hard to believe anything by someone named Amy Peachy.

Our house is paid for, our retirement is sufficient, health is good for now, and we do know where our next meal is coming from.

If that & the right to bear arms isn’t living the American Dream, then please, somebody fill me with green-eyed envy.


10 posted on 01/10/2020 1:02:10 PM PST by elcid1970 ("The Second Amendment is more important than Islam.")
[ Post Reply | Private Reply | To 6 | View Replies]

To: ImpBill

Get married before kids. Stay married.


11 posted on 01/10/2020 1:02:16 PM PST by pnut22
[ Post Reply | Private Reply | To 7 | View Replies]

To: Oldeconomybuyer
...it's unclear whether there's the political will to address it

Bernie has the will...


12 posted on 01/10/2020 1:02:41 PM PST by ProtectOurFreedom
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

“Lower- and middle-income respondents were also more likely to say they struggled to pay for housing than wealthier Americans.”

Nothing gets past these geniuses.


13 posted on 01/10/2020 1:02:58 PM PST by ifinnegan (Democrats kill babies and harvest their organs to sell)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

Solution: Get off your ass an work for it instead of assuming someone else should pay your way.

Love how the jackass academic/political/media class. Total parasites producing nothing of value, want everyone else to pay for their notions of “fairness” At the same time collecting taxpayer funded paychecks completely out of all proportion to any value they add to society.

How about Academic/Government/Media parasite class, stop leeching off the taxpayers and start working at something of value for once?


14 posted on 01/10/2020 1:03:33 PM PST by MNJohnnie (They would have abandon leftism to achieve sanity. Freeper Olog-hai)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

I was just talking to the guy who lives next door to my lowest-end rental. It’s not the best neighborhood but it’s decent. He lives in a single room block house on about a quarter acre. He told me proudly that he just paid it off. So, he owns all his stuff, including a truck, outright. He has a maintenance/laborer type job and he is financially independent. He owes nothing to anyone.

Does he own much? No. But he is dammed proud. And, he’s a decent guy, the kind you would want as a neighbor if there was a problem.


15 posted on 01/10/2020 1:03:36 PM PST by Gen.Blather
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer
Well, it depends on your dream. I gross just a little over $70K and am really quite happy. Not a single child of our grew up to be a bed wetting liberal drain on society. We have five happy and healthy grandchildren.

We live in an area of the country where housing is quite affordable and have no desire to eat at swanky restaurants or rub elbows with the rich and famous.

Most of our neighbors are genuinely nice and Hillary barely cleared 30% in the last election in our township and couldn't even clear 33% countywide.

Some might call our area blue collar or even redneck, but what's not to like about that?

16 posted on 01/10/2020 1:05:29 PM PST by Vigilanteman (The politicized state destroys aspects of civil society, human kindness and private charity.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

“Most Americans say there’s too much income inequality today”

It’s called the IRS.


17 posted on 01/10/2020 1:06:17 PM PST by Leep (Everyday is Trump Day!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ProtectOurFreedom

I am going to borrow that and add the words from the Lenin poster.


18 posted on 01/10/2020 1:07:13 PM PST by bravo whiskey (Never bring a liberal gun law to a gun fight.)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Oldeconomybuyer
An American Dream or Human Nightmare
19 posted on 01/10/2020 1:07:32 PM PST by Ohioan
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer
it's unclear whether there's the political will to address it...

Translation: Can enough people be induced to vote for Democrats so they can raid the treasury on their behalf. Hand us the power and we'll sprinkle crumbs to the pleebs.

20 posted on 01/10/2020 1:09:00 PM PST by Obadiah (Kill the deep state or lose the Republic.)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-52 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson