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