The Kobeissi Letter @KobeissiLetter
Is the American dream dead?
Half of Americans believe that the American dream no longer exists, the highest share in at least 12 years.
Only 34% of people said that the American Dream is still attainable, down from 52% in 2012.
Owning a home, having a family, and reaching a comfortable retirement are now out of reach for most Americans.
This comes after housing affordability dropped to an all-time low while prices of necessities are at record highs.
Americans are losing hope after 3+ years of high inflation.
Global Markets Investor @GlobalMktObserv
MEANWHILE, AMERICANS STRUGGLE TO FIND A JOB
In July, 28.4% of Americans said that they searched for a job over the past 4 weeks, the highest share in 10 years.
This is also 9 percentage points higher than the 19.4% recorded in July 2023. 👇👇
America's Housing Crisis: Skyrocketing Costs and the Search for Affordable Home Solutions
byu/Fun_Balance_1809< /a> ineconomicCollapse
Poster Comment:
"The issue today is the same as it has been throughout all history, whether man shall be allowed to govern himself or be ruled by a small elite." -- Thomas Jefferson