Inflation and Economic Changes Erode Belief in Achievability of American Dream
• Only 36% of Americans still believe the American Dream is achievable (according to a Wall Street Journal survey)
• High inflation and mortgage rates are the biggest near-term obstacles to achieving the American Dream currently
• Declines in pensions and retirement benefits have deteriorated the long-term security previous generations enjoyed
• Structural changes in the economy have made achieving the American Dream more difficult over time
• Respondents feel that even working harder may not enable economic mobility currently due to high inflation