A lot of young people think they need to buy a home to realize the American Dream, says @allisonschrager. In fact, it's totally fine to wait till you're 40 (via @opinion) https://t.co/ZWUuBVVZLO ...

Former Chicago Mayor Rahm Emanuel says pouring money into research and education is the way to make the “American Dream” viable. He also won’t rule out a run for president https://t.co/2ajsM9DGsX ...

In 1906, Sears Robuck was the leading retail company in the country, a pioneering corporate giant, revolutionizing American commerce over the previous two decades. Famous for the extensive Sears catalog, Americans could buy just about anything from this book, from tools to clothing to even live animals. However, one area of the catalog was underperforming, building supplies.Business was down and local manager Frank Kushell was tasked with figuring out how to improve sales. Frank's solution. What if we packa ...

RT U.S. Department of Labor (@USDOL)Young Americans have had the American Dream stolen from them, as jobs have been replaced by foreign workers due to rampant abuse of the H-1B visa.Under @POTUS and @SecretaryLCD’s leadership, we’re holding companies accountable for their abuse—and recapturing the American Dream for the AMERICAN PEOPLE. ...

A beacon above Biscane Boulevard, Miami's iconic Freedom Tower, is honoring a century of history. The city's first storied skyscraper, seen by many as a sacred space, now re-imagined after 2 years of extensive renovations. The national landmark, also once served as a processing center for hundreds of thousands of Cuban refugees fleeing Fidel Castro's regime.I remember so many things of that time and it's been almost 63 years. >> For Eileen Gaudy, it was a symbol of hope as she and her family began a new lif ...

All of us have had a feeling to do something in our lives. A feeling deep within our hearts. A voice or whisper that says, "This is who you are. This is where you're meant to go." Some of us, we embrace that feeling.We accept that invitation. We take that risk. But many of us, what do we do.We bury it. We tell ourselves it's stupid. We tell ourselves it's irrational. We tell ourselves maybe you'll be judged if we try.And so what do we do. We push that feeling down deeper and deeper until one day we wake up ...

Core Insights - The article discusses indicators that suggest an individual has a good chance of becoming wealthy in the future, emphasizing the importance of financial planning, saving, and investing. Group 1: Indicators of Future Wealth - Having multiple income streams is crucial for wealth accumulation, with a net worth of around $12 million needed to be in the top 1% in the U.S. [3] - Income diversification can come from various sources, such as side gigs or investment income, which can significantly enhance financial growth [4] - Living below one's means allows individuals to allocate more funds towards investments, fostering a proactive approach to financial security [4][6] Group 2: Financial Management Practices - Wealthy individuals typically avoid "bad debt" and focus on investments that appreciate, such as real estate [7] - Reducing unnecessary expenses, such as opting for a smaller living space or making lifestyle changes, can lead to substantial savings that can be redirected into investments [5][6]

Core Argument - The traditional American dream, which emphasizes individual effort as the primary determinant of wealth, is a myth, particularly for women and marginalized communities [1][11] - Belonging and community are as important as effort in achieving prosperity and wealth [1][5][46] - Systemic exclusion from wealth and opportunity leads to imposter syndrome and hinders the ability of women to sustain their best work [26] Key Pillars for Prosperity - Psychological safety, which is the number one indicator of success in a team or an individual, is crucial for taking risks [22] - Connection, especially economic connectedness (having connections across class lines), is a significant predictor of economic mobility [23][24] - Mentorship is essential for guidance, vision-holding, and providing "cheat codes" to navigate the path to success [24][25] Practical Strategies for Building Belonging - Seek out intentional spaces, particularly female-focused spaces for women, and structured environments for neurodivergent individuals or those with social anxiety [41][42] - Be flexible in finding online or in-person spaces that accommodate time constraints and caregiving responsibilities [42] - Focus on building small, supportive networks of individuals who uplift each other [43] Impact and Examples - The "Girl Boss" community in St Pete demonstrates the transformative impact of intentional community design on women's trajectories and wealth stories [18][34][35] - The Self-Employed Women's Association (SEWA) in India, representing 2 million women, shows how belonging can lead to economic independence on a global scale, with 300,000 women achieving economic independence [40]

Core Insights - The American Dream, traditionally associated with financial stability and homeownership, is increasingly perceived as unattainable for many individuals today [1] Economic Challenges - Rising costs, reliance on debt, and economic uncertainty are identified as the primary reasons making it harder for individuals to achieve financial milestones [3] - Median household income has increased to $80,610 in 2024 from $21,650 in the 1980s, but this figure is misleading when considering the rising costs of housing, education, and childcare [4] Debt Burden - Credit card interest rates are currently between 21% and 24%, with the average American holding over $6,700 in credit card debt, which disproportionately affects younger generations [5] - This debt prevents younger individuals from investing or saving, forcing them to focus on bill payments and interest [5] Systemic Issues - Financial challenges are not solely due to individual choices; systemic issues like wage stagnation, wealth inequality, and policy uncertainty significantly contribute to the current economic landscape [6] Housing Market - The median home price has increased from 2.2 times the median household income in the 1980s to 5.2 times today, making homeownership much less accessible [7] Education Costs - Tuition for private colleges has risen from approximately three months' worth of income in the 1980s to about six months' worth today, while the value of degrees is declining due to increased accessibility and alternative job opportunities [7] Childcare Expenses - Childcare costs have escalated from 1% of median income in the 1980s to around 16% per child per year, representing a significant financial burden for working families [7]

From @WSJopinion: The mortgage isn’t the foundation of the American Dream. It’s the scam of the century: a loan so exploitative it required a federal law to disguise its true nature, writes Patrick M. Brenner. https://t.co/0AI2KTgT6J ...