β¨Does the American Dream still exist in 2024?
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The American dream is typically defined as working hard to achieve success in America. For most Americans, that looks like getting a good job, settling down with a spouse and kids, and buying your first home.
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μ ν¨κ» μ μ°©νλ©°, λ΄ μ§ λ§λ ¨μ νλ κ²μ μλ―Έν΄μ.
According to a recent study by the Pew Research Center, only 53% of Americans say that the American dream is still possible today. What has changed? Well, one of the biggest problems young people face these days is the ability to buy their first home. Prices have skyrocketed since the pandemic. In my hometown, the median price for a home is around $440,000. Thatβs way out of most newlywedβs budgets.
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Itβs also not as easy to land your first job as it once was. More and more people are graduating from college, making the job market very competitive. People are living longer and retiring later, so there are fewer openings in companies. Most companies require experience but wonβt give fresh graduates the chance to earn it. They often find themselves stuck in a loop of not getting a job because they canβt get experience but unable to get experience because they canβt get a job.
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νλ μ¬λλ€μ΄ μ μ λ λ§μμ§λ©΄μ μ·¨μ
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Furthermore, all around the world, young people are deciding not to get married or have kids. Life has gotten very expensive. In the U.S., we have to worry about car insurance, gas prices, housing costs, daycare costs, and college tuition. If you canβt even afford your first home, why would you think you could afford daycare or college?
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You might be shocked to hear that the average cost of childcare for one child in Arizona is $500-600 a month! That is why many families decide to have one parent stay at home while the other works. If you attend a public university, you may only pay $13,000 a year, but if you want to attend an Ivy League college like Harvard, be prepared to pay over $80,000 a year. Now imagine having three kids who all want to go to college. You can begin to understand why more and more young people are hesitant to start their own families.
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In my opinion, I donβt think the American dream is totally dead. America is still a land of opportunity and creativity. I think a lot of policy changes need to take place to make things like health care and education more affordable. Weβll see how things look in the future.
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