TIME: American Dream Defunct?

Posted on: Monday, May 18th, 2009
Posted in: Spendology, Blog | Leave a comment

A recent survey published in TIME reveals that more than half of Americans are losing faith in the future of the American Dream.  No surprise there, and perhaps it’s even a contrarian indicator?  After all, people get overly giddy when times are good, and then go too gloomy when cyclical downturns happen—which can suggest a bottom. 

Percentage of people who believe the American Dream will be easier or harder to achieve in 10 years.

13% Easier

57% Harder

This time may be be different, though.  We’ve given ourselves far too much credit for far too long.  If the American dream is pay-as-you-go for a while, these numbers could be spot-on.  Oh well, the best things in life are still free. Right?  This site is all about taking TIME (not the magazine, duh)—not spending money on stuff! 

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