Dare To Dream
Summary
The idea that the American Dream is dead is common in politics, but data shows a more complex picture. Despite challenges like housing costs, median income, poverty rates, health coverage, and new business creation have all improved in the past decade, suggesting the American Dream still exists in some places.Key Facts
- President Donald Trump said the American Dream is gone, especially for young people unable to buy a house.
- Other political leaders, from different parties, say the Dream is harder to reach today.
- Median household income rose from about $53,657 in 2014 to $83,730 in 2024.
- The poverty rate fell from 14.8% in 2014 to 10.6% in 2024.
- Health insurance coverage improved from 89.6% to 92% in the same period.
- New business filings more than doubled between 2014 and 2024, from around 222,677 to nearly 496,443.
- Newsweek created an American Dream Index that scores ZIP codes based on economic opportunity factors like mobility, housing, jobs, education, and cost of living.
- States in the Great Plains, like North Dakota and South Dakota, rank highest on the index, outpacing traditional coastal leaders.
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