How Millennials Are Redefining the American Dream Essay

The idea of the American dream revolves around attaining happiness, success and equality. For higher wealth classes obtaining these components aren't a concern; but for many, the American Dream has become a nightmare. For the poor being able to obtain simple necessities such as food, clothing and shelter is a daily struggle. The price of being poor is a lot costlier then those in the realm of the wealthy. Based on the current economic and social systems in America it does not provide everyone with a fair chance to achieve the “American Dream”. In todays society many Americans believe money is the only way to happiness. True or not true, money certainly isn't a hindrance to obtaining the necessary components for survival. But if the American Dream is no longer about happiness and freedom it becomes solely about wealth and possession. "Money cannot buy happiness." (Anonymous, Spring Board pg.81) represents the concept that money doesn't necessarily play apart in your emotional well-being. Today, materialism is more important than character. Money isn't everything; you don't need it to be happy and certainly not to achieve "The American Dream". In addition to that, although money can jump-start your future it can also drive you into the ground. Dana Gioia, the author of "Money", says "...Money holds heads above water..." Implying money plays a crucial part in keeping your dreams alive while America demands so much. Although finances are a building block to ones version of the

Despite working hard to achieve the American Dream and to have a prosperous and successful life in America the rising costs of college and housing as well as lower pay in some states creates debt for many Americans. Although other people around the world come to America to reach the American dream, but are halted by all of the costs that reside to become a part of it.

Through everybody’s eyes is their own version of the American Dream. Whether it’s the stereotypical dream with a good job, a family, and a house with a white picket fence, or it could be just getting by at the end of the month financially. The American Dream doesn’t have a specific image but rather a particular mindset. Lots of people have a goal in their life that they have to work hard to be successful towards that goal, but in most cases that goal may be unrealistic.

David Kamp's 2009 Vanity Fair article "Rethinking the American Dream" focuses on the general perception of the ‘American Dream’ and how it has evolved throughout our nation’s history. It clearly states that as the average American household's lifestyle has become more and more consumer-oriented, the original spirit that invigorated and united its people from the age of western expansion to the Great Depression has begun to fade. The dream has been dampened as the vision of "success" has become more focused on gaining material/getting rich quick, rather than working hard all throughout one’s life to attain what they want and desire.

The American dream has many meanings but only one that matters, which is having a job that you enjoy and appreciate and for your freedom to be known. The Public Broadcast Service published videos that explored the daily realities of the New York working class. One video followed the experiences of Walid Abdelwahab. He is a well known cart vendor working on the streets of New York city he traveled all the way from Egypt to succeed and have a better lifestyle. Walid has been vending all of his life to help support his family; however, he has faced many rigor moments but he still continues to work with a smile on his face, no matter what happens. This supports the existence of the American dream because he moved from a different country leaving everything behind so that him and his family can live a happy life.

In the essays “The American Dream: Dead, Alive, or on Hold?” by Brandon King and “Confronting Inequality” by Paul Krugman, the authors discuss a wide variety of ideas that affect or maintain the idea of income inequality in America today. In the essay by Brandon King, he clearly states that the values of the American Dream are still alive today, but are getting harder and harder to achieve for the average person. King argues that the American Dream of today has drastically changed from what it used to be, and that the thought of being successful only lays within having a steady life with little to no struggle. However, in “Confronting Inequality”, Krugman has a different approach on the topic, arguing that the American Dream is no longer alive. Krugman states that the rise of income inequality will also lead heavily to social inequality, and that the rise of income inequality is a huge cause of social inequality as well. The two authors use a majority of viewpoints and methods to explore the same topic of inequality. However, there are also many ways in which both authors offer different sides of the argument and how it should be handled.

The capability of all Americans to achieve the American dream is what many believe to have made this country great. Perhaps this is why more immigrants flock to the United States than any other nation, because they view America as “the land of opportunity”, because here anyone can achieve the American dream. Generally, the American dream is the belief that anyone, even one at a low income level, can achieve success and make themselves content if they work hard enough and are determined. Unfortunately, when looking at certain aspects of society, it’s apparent that nothing can be further from the truth. For example, a person can pursue and live the American dream and still be unhappy. Also, the lifestyle that one may live to pursue the American dream can be dehumanizing. Both of these examples are flaws in the American dream that can be seen in the film Fight Club. Furthermore, rising levels of income inequality and the crushing debt people face also shows flaws in the idea of the American dream. When analyzing the evidence, it’s clear that in the modern United States, the American dream is non-existent.

We have come a long way from the publication of the Declaration of Independence in 1776. In hopes of change, colonies came together to declare independence against the British King for his indictments. The Declaration of Independence was made entirely opposing the Kings unfair motives, injustice of systems, and the absence of public services. For which these opposing actions towards the king, was the general idea to become the American Dream. That dream consists of equality, justice, and freedom. The dream of freedom is for everyone to say and do as they please regardless of sexual preference, religious believes, race and body image. Freedom is opportunities to educate oneself, to better them and their children’s future. But after

At the same time, a growing number of millennials are facing burdensome student loan debt. Rather than come out of college with pristine back-end ratios primed for a hefty mortgage, they are handcuffed by the debt that they have amassed in their early twenties. As the Pew Research Center has noted, 37 percent of people under the age of thirty have student loan debt. They contribute to the $1.3 trillion in student debt, leverage that could presumably be used for a mortgage or some other useful credit if it were not locked up already. Millennials are trying to increase their earning power by going to school so that they have the opportunity to advance economically, but it is simultaneously holding many of them back via years of extra debt—debt that is notably not going to a

Consistent with the research in “How to E-D-U”, the information in “Why Millennials are Behind” shows this problem is only getting worse because the total wealth of millennials in the same age group has actually fallen since 1984 to $26,059 from $29,521.

Nowadays, many Americans wonder if the American Dream is still alive. At one point in our country, people felt that they could achieve success by working hard. However, after the economic hardships and recession of the 21st century, a number of Americans not only lost income, but some also lost their jobs. Although there has been slow progression to improve the economy, there are those who question whether or not the dream of Americans can ever be achieved again. With unemployment levels still high and salaries failing to increase, there certainly is doubt in most of Americans. In his essay, Brandon King formulates ways to redefine and change the way to look at the American dream. After analyzing King’s essay, one can see his view as believing that the dream is still very much intact. As he points out, the American economy is a very complex system that has had downfalls, but there is always a way to get back up from it. Regardless of your economic status (poor or middle class), if one has a working job, it is possible to succeed based on how much someone is willing to work to achieve their goals. As King would agree, the American dream is not only still alive and well, but anyone can reach success.

While the “Greatest Generation” is a title often given to those Americans who lived and died during the era of the Great Depression and World War II, their offspring, the “Baby Boom” generation, significantly shaped and improved the American landscape as well if for no greater reason than the sheer number of people who make up this population (Steinhorn, 2006). Today, based predominantly on that very same reason, the baby boomer population is now making a very different, yet equally as profound impact on American society. More

The American Dream is the result of possibilities and success. The term “American Dream” was been invented by James Truslow Adams in 1931: “That dream of a land in which life should be better and richer and fuller for every man, with opportunity for each according to his ability or achievement.” Another reference to the American Dream appears in the Declaration of Independence (1776). The author wrote that people are “endowed by their creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness.” The question of the debate was: “Is the American Dream Still Alive and Well?”

Besides the difference in terms of the expectation and preference from work, millennials also have the heaviest financial burden, such as student loan debt and poverty, compared with baby boomers and Generation X (Pew Research Center, 2014). In a study conducted by Pew Research Center, Fry (2014) suggest that the average debt from student loan is about $27,000, which is about $12,000 more than the average in 1995.

What do millennials define as “The American Dream?” As a millennial, I believe that our mentality can’t be defined as a collective. I can’t tell you what we believe or don’t believe together, but I can give you my opinion. After all isn’t that what being a millennial is about? “The American Dream” is different for each American, that is why it is called the American dream, but I believe that the biggest factor that defines the millennial American dream is the region in which we live.