Social Mobility

Americans Lose Faith in Hard Work Leading to Economic Success, WSJ-NORC Poll Finds

Americans Lose Faith That Hard Work Leads to Economic Gains, WSJ-NORC Poll Finds, and it’s hard not to see why. It’s a sentiment that’s been brewing for a while, and the latest polls are just confirming what a lot of us already feel. The belief that hard work guarantees a better life, the cornerstone of the American Dream, is crumbling. The figures are stark: a record low percentage of people believe they have a good chance of improving their standard of living, and a vast majority feel that the dream itself is either dead or never existed.

The frustration is palpable.… Continue reading

Politics

American Dream: Dead or Never Alive?

The American Dream, characterized by widespread middle-class prosperity, is largely defunct, with the wealthiest 10% of households now driving half of all consumer spending. This dramatic shift, culminating in the current economic reality, is not a recent phenomenon but rather the result of decades-long policies prioritizing tax cuts for the wealthy and austerity measures for social programs. These policies, implemented since the 1970s, have eroded social mobility, suppressed wages, and concentrated wealth at the top, leaving a significant portion of the population struggling. The outcome is an economy where consumer capitalism is unsustainable due to the inability of most Americans to afford basic necessities.

John Q. Hosedrinker Mar 28, 2025

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