Summary
Many young adults in the United States, particularly those in Generation Z, feel that the American Dream is becoming harder to achieve. Rising costs, student debt, and job market challenges are making it difficult for them to reach traditional milestones like homeownership. Surveys show that while many young people desire the American Dream, a significant number believe it's not attainable.
Key Facts
- President Trump spoke about bringing back the American Dream in his inaugural address.
- Surveys indicate that a majority of Gen Z believes the American Dream is currently out of reach.
- A UCLA study found that 60% of Gen Z view the American Dream as unattainable, although 86% find it desirable.
- Financial challenges for Gen Z include job market instability, high home prices, and student loan debt.
- College graduates from Gen Z now make up about one-third of the long-term unemployed.
- The cost to buy a median-priced home has increased significantly, needing more income.
- The percentage of first-time homebuyers has decreased compared to two decades ago.
- Rising costs in education and other life essentials are significant barriers for Gen Z.
