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How Much is the American Dream?

A recent article from USA Today highlighted the costs of living the American dream.  Very interesting.  Hat-tip to the clothed economist for sending my way.

No idea is more central to Americans’ outlook than the American dream — the belief that with hard work and the freedom to pursue your destiny you can achieve success and provide better opportunities for your children.

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{ 3 comments… add one }

  • Matt July 8, 2014, 10:24 am

    Is this chart subjective and based on emotion? A 4WD SUV is not a part of my American dream, so this whole assumption that it takes $130k to live the American dream is bovine scatology.

    • Econ Nudist July 8, 2014, 11:16 am

      I agree Matt. There is some subjectivity here and I can disagree with some of these assumptions. I don’t believe it was intended to fit every person and each person’s dreams are different.

      I didn’t like the USA Today author’s premise either that it is “of concern” that 1 in 8 earn enough to live the American dream. I just wondered how many have laid out their personal goals in financial terms so they can reach them at some point – regardless of what that $$$ figure is.

  • Tennille July 23, 2014, 11:42 pm

    I also saw this report on the American Dream and thought it was a little out of touch for the “average American” although I do realize that they tried to find a middle ground in their estimations of things. Personally I think it is hard to write this kind of article since everyone’s idea of the American Dream is different.

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