For many millennials today, the American dream has changed. Millennials are no longer looking at home ownership as the new American dream, and this generation’s changing desires are affecting how younger people live, work, and consume in the free market.
Tagged: American Dream
In this episode of the weekly Budget & Tax News podcast, managing editor Jesse Hathaway is joined by Ayn Rand Institute fellow Don Watkins to talk about the American Dream, income inequality, and Selena Gomez… it makes sense when you listen to the podcast, we promise.
The American Dream is one of the driving concepts in our country’s national story, one that occupies a special place in the national discourse. It is a sort of national ethos, born out of various statements of the Founding Fathers, particularly Thomas Jefferson’s in the Declaration of Independence: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.”
The politics of dramatically expanding the child tax credit entitlement (and yes, it is an entitlement) just don’t make all that much sense to me. Consider the landscape of America today, where more people are staying single longer and having fewer kids of their own volition, as they pretty much always do all over the world as cultures become more highly educated. These are not recent developments:
Time Magazine’s Sam Frizell imagines that the American Dream has changed, in an article entitled “The New American Dream is Living in a City, Not Owning a House in the Suburbs.” Frizell further imagines that “Americans are abandoning their white-picket fences, two-car garages, and neighborhood cookouts in favor of a penthouse view downtown and shorter walk to work.” The available population data shows no such trend.
[First posted at The American Spectator.] President Obama told a sleepwalking America in his Democrat Convention Acceptance speech: I won’t pretend the path I’m offering is quick or easy. I[…]