The American Dream
Historian James Truslow Adams is often credited for popularizing the phrase “American Dream” in 1931 thanks to his book Epic of America. In his book he wrote “ but there has been also the American dream, that dream of a land in which life should be better and richer and fuller for every man, with opportunity for each according to his ability or achievement”. The American Dream is now a phrase known around the world. People travel from all corners of the earth for the opportunity to live this dream. The American Dream is what the average American thrives on each and every day in their daily life. However, the current economic climate is gradually putting this dream out of their reach. There are many contributing factors to Americas current economy as well as why the dream is no longer as attainable as it once was. The Great Recession of 2008 continues to have a huge impact on most Americans. With the cost of college soaring through the roof Americans fear the financial strike it will have on their lives. There is also the fact that society isn’t what it used to be with today’s market playing a significant role.
One of the key factors in being able to attain the American dream is having a good education to support yourself. However a lack of quality and access to a good education has quickly become a barrier to the dream. What was once a simple solution to living a better life is now an obstacle on the road to success. For some being able to attend college is a dream all on its own. However, the reality is most people cannot afford college on their own and are forced to borrow from relatives or the bank. Having to take out a student loan has become a norm. The increasing rate of tuition is leaving “ninety four percent of students who earn a bachelors degree borrowing to pay for a higher education”. () Having to take out loans from the bank can be a worrisome thing. Luckily “in 2007, congress made sure the interest rates on many of those loans were well below
One of the key factors in being able to attain the American dream is having a good education to support yourself. However a lack of quality and access to a good education has quickly become a barrier to the dream. What was once a simple solution to living a better life is now an obstacle on the road to success. For some being able to attend college is a dream all on its own. However, the reality is most people cannot afford college on their own and are forced to borrow from relatives or the bank. Having to take out a student loan has become a norm. The increasing rate of tuition is leaving “ninety four percent of students who earn a bachelors degree borrowing to pay for a higher education”. () Having to take out loans from the bank can be a worrisome thing. Luckily “in 2007, congress made sure the interest rates on many of those loans were well below