The Deferred American Dream

American Dream

“People are so busy dreaming the American Dream, fantasizing about what they could be or have a right to be, that they’re all asleep at the switch. Consequently we are living in the Age of Human Error.”
– Florence King

There are a few modest concepts that make up the American dream. A good paying job, a college education, and buying a home are at the core of the classic American dream. However, as young Americans dive debt into debt for their college education coupled with constant inflation, the American dream is becoming delayed.

Rental property is increasing at an incredible rate. Young Americans do not have the cash flow (or the discipline to budget) for a sizeable down payment for a home. This trend is causing builders to focus on building multi-family units. Lower than anticipated wages are preventing young Americans from pursuing the home of their dreams.

The professional workforce of today demands a college education, but there is not guarantee of employment in your field of choice. College tuition is skyrocketing to excessive amounts, and employment in engineering, healthcare, or accounting requires a completed degree. Many students would benefit from a technical skill certification, but many young Americans do not explore that route.

The job market is still dominated by low wages, and important benefits, like healthcare, are being reduced at an alarming rate. Service industries, such as bartending or waitressing, are becoming the norm for employment. Retirement is far from the minds of young Americans because the excessive college debt has turned their net worth into a negative number.

However, with all of this bad news, there is hope. Highly skilled workers are being sought, and this is an excellent opportunity to redirect the future of young Americans. Some jobs are labor intensive, but will pay exceptionally well because of the inability to skilled workers for the trade.

“Developing skills is as important as training. A larger effort is needed to create a skilled workforce with employment potential.”
– Pallam Raju

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