The death of the American Dream is now official
Summary
Many Americans are close to financial trouble because their wages have not grown enough to match rising living costs. This situation has caused more people to go bankrupt and has reduced trust in institutions.Key Facts
- Tens of millions of Americans are at risk of financial ruin if they face a $6,000 debt.
- Wages have not increased enough to keep up with the rising cost of living.
- The gap between income and expenses is causing more bankruptcies.
- Many people are losing trust in financial and government institutions.
- The situation reflects growing economic struggles for ordinary Americans.
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