It seems that the American Dream isn’t what it used to be, as many are renegotiating the terms of what constitutes an idyllic life.
It seems that the American Dream isn’t what it used to be, as many are renegotiating the terms of what constitutes an idyllic life.
Based on results from a recent credit.com poll, for about a quarter of people between the ages of 18 and 24 it means being debt free.
That’s more than the number of people who included home ownership in their dreams for the future.
The most popular answer across all ages, with about 28 percent of the vote, was retiring by the age of 65.
Before the Great Recession hit, approximately 81 percent of young adults said they were looking forward to becoming rich someday.
Now, it seems to be less about having money in the bank than it is about not being in debt.
Among older respondents, living debt-free was something nearly 80 percent of respondents believed they’d attain.
As far as owning a house, some see its lowered ranking as emblematic of a cultural promise that is no longer attainable.
Said credit.com’s Founder and Chairman, “...it appears that for many Americans, the American Dream has changed.”
