Donald Trump is promising to bring back the America dream—but no one can agree on what it even is anymore

Excerpt:

For the past eight years, Gonzalo Schwartz has dedicated his work to researching the American dream at the Washington D.C.-based Archbridge Institute.

For the past five years, the non-profit has carried out an American dream survey, and in 2024, pessimism that the dream cannot be achieved is at its highest yet.

Schwartz said that, to some extent, narratives about the American dream disappearing have prompted it to become a “self-fulfilling prophecy.”

For example, JPMorgan CEO Jamie Dimon—a self-professed “full-throated, red-blooded, patriotic, unwoke, capitalist CEO”—has warned that the beacon of hope that once inspired America’s workforce is fading.

Schwartz says economic conditions are also eroding individuals’ outlooks. He highlighted that while inflation is slowing in the States, wages have not kept up, meaning consumers feel they are worse off month after month.

Likewise, Schwartz pointed out that with the housing market becoming completely inaccessible to many, the American dream consists of renting.

Even that, he added, is becoming increasingly difficult due to rent inflation.

Read the full article at Fortune.

Read the American Dream Snapshot here.