The American Dream may be taking its last breaths, according to a new poll from The Wall Street Journal. Nearly 70% of respondents said they believe the dream “no longer holds true or never did.” That’s the highest level of doubt in the survey’s 15-year history [1]. Must Read What’s striking is how broad this pessimism is. It crosses political, class and demographic lines. Men and women reported similar views, as did young and old, high- and low-income earners and those with or without college degrees ...

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The latest inflation report out this morning is giving a snapshot of the state of the economy in addition to a surprising piece of jobs data. According to the consumer price index for August, the price of goods went up 0.4% month over month, 2.9% year-over-year. Also, the weekly jobless claims jumped to their highest level in four years.Here to break it all down, NBC News senior business correspondent Christine Romans. She joins us again. We also have Investopedia editor and chief Caleb Silver.Good morning ...

So, I want to get right into the nitty-gritty here with our chief data analyst, Steve Cornaki. Steve, thanks so much for being here. Sure.Happy to do it, Morgan. So, Steve, I want to dive into this poll. What exactly did you learn.Yeah, I mean, look, we we checked um his approval rating at 43% in this poll, and I guess there's a couple ways of looking at that, right. I mean, historically speaking, if you're a president, you don't really want to be in the low 40s. It's not a great number historically speakin ...

Group 1 - The $4 million net worth milestone is rare in percentage terms, with fewer than 1 in 20 families achieving it, yet approximately 6 million households in the U.S. meet this threshold, representing about 4.8% of all households [4][8] - The Federal Reserve's Survey of Consumer Finances is the primary dataset used to measure household wealth in America, providing essential insights into the distribution of wealth among families [2] - Wealth perception varies significantly based on location and debt levels; for instance, $4 million in rural Iowa has different purchasing power compared to urban areas like San Francisco or New York [5][6] Group 2 - Achieving a net worth of $4 million places households in the upper tier of American wealth, significantly above the median net worth of around $192,000, indicating successful financial strategies over decades [7] - Contextual factors such as cost of living and personal debt play a crucial role in how wealth is perceived, affecting individuals' feelings of financial security [5][6]

Take a look, our decision desk poll. And again, we're looking at all adults here. This is voters and potential voters casting a wide net.We ask about President Trump's job performance. A 43% approval rating. That's what we find in this poll.And of course, that number, that's about the level we've seen Trump at in this second term, and it's about the level we saw Trump at to back during his first term. So, it's sort of a bit low historically, but this is very much par for the course as far as President Trump ...

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Economic Indicators & Analysis - Job creation has stalled after four plus years of strong growth, transitioning to a "no hire, no fire" situation [1][2] - Uncertainty surrounding tariffs in May and June contributed to the slowdown in job creation [2] - The Federal Reserve (Fed) is likely to cut interest rates due to the softening job market, although inflation data remains a key factor [5] - The economy may be heading towards a period of rising unemployment and rising inflation [27] Labor Market Disparities - Job losses are not uniform across the board, with white men and black women experiencing employment declines since the beginning of the year [7] - Manufacturing has lost jobs since January, contradicting the argument that tariffs would bring manufacturing back to America [8][9] - Government job losses are largely driven by federal government cuts [9] Trade & Tariff Policy - Incompetent and incoherent tariffs are detrimental to the economy, particularly tariffs on inputs like steel and aluminum [12][13] - Steel tariffs implemented in the previous administration led to the loss of approximately 1,000 jobs [10][11] Inflation & Cost of Living - The cost of living remains a primary concern for American families, outweighing the job situation [19] - Over the past five years, food prices have increased by 26%, auto insurance prices by 30-40%, and housing costs by 50% [19][20] - Inflation remains higher than the Fed's target, creating a dilemma between addressing inflation and stimulating the job market [20] Political Implications - The economy matters politically, especially how people feel about their jobs [15] - Frustrations related to high prices and the perceived lack of economic improvement are influencing voters, particularly swing voters who previously supported Biden and then switched back to Trump [24][25]