Skip to comments.Is the American Dream possible? It is if you earn at least $500,000 a year
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 ...
Ahh election season has started. Priming up the victim generation
I believe this is what's called a "truism".
Besides it is 100% if you didnt attend school here
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.
What absolute BS.
BS! Living debt free, other than perhaps your house, is the way I am "living the dream". And I am anything but filthy rich.
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.
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.
Get married before kids. Stay married.
Bernie has the will...
“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.
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?
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.
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?
“Most Americans say there’s too much income inequality today”
It’s called the IRS.
I am going to borrow that and add the words from the Lenin poster.
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.
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