Wednesday, March 7, 2012

What’s happening to the American Dream?



We had a better life than our parents—own a home, retire with security, travel, etc. Now we all have too much “stuff.” It’s a very material world.

The American Dream is based on real estate ownership and the accumulation of stuff. Americans have short memories. High salaries are going down, savings will be increasing and people will be more conservative about spending.

Retirement is more drawn out. We’re at depression level spending with a mentality to use everything we have. There is no real recovery in sight.

Hopes, wishes and dreams have disappeared. The focused, targeted career path is now cloudy, unpredictable, and constantly shifting. We’re not able to get our footing. Not everything is going to be alright. 

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