American Dream Fades: Poll Reveals Growing Pessimism About Financial Goals

A recent Wall Street Journal/NORC poll reveals a significant disconnect between Americans’ aspirations for the traditional elements of the American Dream and their perceived ability to achieve them. While the vast majority of respondents consider owning a home, having financial security, and enjoying a comfortable retirement essential or important, only a small fraction believe these goals are easily attainable. This sentiment is particularly pronounced among younger generations, who face challenges such as high housing costs, steep interest rates, and substantial student debt. The survey indicates a marked decline in the belief that the American Dream is still achievable, with only about a third of respondents now holding this view, compared to more than half just twelve years ago.