Illustration: Sarah Grillo/Axios
The American Dream is moving further and further out of reach for millions in the U.S.
Why it matters: That promise is essential to American identity — and its erosion will affect how we live, work and vote for decades to come.
What’s happening: It’s increasingly unaffordable to buy a home or pay for college — and millennials, many of whom entered the job market at the height of the recession, are feeling the crunch.
- The cost of higher education is ballooning. From 1978 to 2017, the Consumer Price Index grew fourfold, but the price of college increased 14-fold, according to research by Ana Hernández Kent, a policy analyst at the St. Louis Fed.
- The price of homes is rising much faster than incomes. Per a study by real estate company Clever that looked at census data from 1960 to 2017, U.S. housing prices have skyrocketed 121%, but incomes have increased just 29%.
- Wage growth has been sluggish. Wage growth in the U.S. has […]
I suffered under the pressure of trying to get a good college degree like my friend from college who had the backing of a rich uncle to help him graduate; yet I had no one after my parents decided to not help me as they said they would even though my friend and I were both at the top of our classes and I even gave free help to others during our lunch break because I had math skills better than anyone else in our school, but never could come up with the money to finish my degree. I only got to study hard after I retired and my Mother left me enough to study many various subjects, although I was already too old to start a degree program again with the exception of getting a Dr. of Metaphysics which is as worthless piece of paper when you are too old to use it.
PS: I should also include my year of study at the University of Oklahoma under Professor Dr. Charles Kimball, Th.D., c studying as well as my years of study at the University of North Carolina at Chapel Hill Under Professor Bart D. Ehrman, Ph.D., in order to get ordained as a reverend..