Vanishing American Dream

[gipper]

It looks to be disappearing. Is it as bad as this author claims?

I know I am doing fine financially, but others apparently aren't. This is likely to lead to unrest.

The Fading Scent of the American Dream
If you talk to young people struggling to make ends meet and raise children, and read articles about retirees who can’t afford to retire, you can’t help but detect the fading scent of a prosperity that has steadily been lost to stagnation, under-reported inflation and soaring inequality, a substitution of illusion for reality bolstered by the systemic corruption of authentic measures of prosperity and well-being.

The New Reality of Old Age in America.

In other words, the American-Dream idea that life should get easier and more prosperous as the natural course of progress is still embedded in our collective memory, even though the collective reality has changed:for the bottom 95%, life is typically getting harder and less prosperous as the cost of living rises, wages are stagnant and the demands on workers increase.

Meanwhile, the asset bubbles inflated by central banks have enriched the top 10% of households, which own over 75% of all assets and take home over 50% of all household income.

The Fading Scent of the American Dream – Charles Hugh Smith – Medium

 

[usmbguest5318]

It looks to be disappearing. Is it as bad as this author claims?

I know I am doing fine financially, but others apparently aren't. This is likely to lead to unrest.

The Fading Scent of the American Dream
If you talk to young people struggling to make ends meet and raise children, and read articles about retirees who can’t afford to retire, you can’t help but detect the fading scent of a prosperity that has steadily been lost to stagnation, under-reported inflation and soaring inequality, a substitution of illusion for reality bolstered by the systemic corruption of authentic measures of prosperity and well-being.

The New Reality of Old Age in America.

In other words, the American-Dream idea that life should get easier and more prosperous as the natural course of progress is still embedded in our collective memory, even though the collective reality has changed:for the bottom 95%, life is typically getting harder and less prosperous as the cost of living rises, wages are stagnant and the demands on workers increase.

Meanwhile, the asset bubbles inflated by central banks have enriched the top 10% of households, which own over 75% of all assets and take home over 50% of all household income.

The Fading Scent of the American Dream – Charles Hugh Smith – Medium

Is it as bad as this author claims?

No.

If you talk to young people struggling to make ends meet, and read articles about retirees who can’t afford to retire, you can’t help but detect the fading scent of a prosperity that has steadily been lost to stagnation, under-reported inflation and soaring inequality, a substitution of illusion for reality bolstered by the systemic corruption of authentic measures of prosperity and well-being.

 

[Mikeoxenormous]

It looks to be disappearing. Is it as bad as this author claims?

I know I am doing fine financially, but others apparently aren't. This is likely to lead to unrest.

The Fading Scent of the American Dream
If you talk to young people struggling to make ends meet and raise children, and read articles about retirees who can’t afford to retire, you can’t help but detect the fading scent of a prosperity that has steadily been lost to stagnation, under-reported inflation and soaring inequality, a substitution of illusion for reality bolstered by the systemic corruption of authentic measures of prosperity and well-being.

The New Reality of Old Age in America.

In other words, the American-Dream idea that life should get easier and more prosperous as the natural course of progress is still embedded in our collective memory, even though the collective reality has changed:for the bottom 95%, life is typically getting harder and less prosperous as the cost of living rises, wages are stagnant and the demands on workers increase.

Meanwhile, the asset bubbles inflated by central banks have enriched the top 10% of households, which own over 75% of all assets and take home over 50% of all household income.

The Fading Scent of the American Dream – Charles Hugh Smith – Medium

How can after 8 years of Obamanomics can the American Dream be fading? Is this part of the Fundamental Transformation of America, Obama promised?

 

[gipper]

It looks to be disappearing. Is it as bad as this author claims?

I know I am doing fine financially, but others apparently aren't. This is likely to lead to unrest.

The Fading Scent of the American Dream
If you talk to young people struggling to make ends meet and raise children, and read articles about retirees who can’t afford to retire, you can’t help but detect the fading scent of a prosperity that has steadily been lost to stagnation, under-reported inflation and soaring inequality, a substitution of illusion for reality bolstered by the systemic corruption of authentic measures of prosperity and well-being.

The New Reality of Old Age in America.

In other words, the American-Dream idea that life should get easier and more prosperous as the natural course of progress is still embedded in our collective memory, even though the collective reality has changed:for the bottom 95%, life is typically getting harder and less prosperous as the cost of living rises, wages are stagnant and the demands on workers increase.

Meanwhile, the asset bubbles inflated by central banks have enriched the top 10% of households, which own over 75% of all assets and take home over 50% of all household income.

The Fading Scent of the American Dream – Charles Hugh Smith – Medium

How can after 8 years of Obamanomics can the American Dream be fading? Is this part of the Fundamental Transformation of America, Obama promised?

One would think after he doubled the national debt, most Americans would be doing well financially.

Well...if you believe huge central government spending actually benefits Americans, other than the .01%.

 

[EvilCat Breath]

We have been importing the world's poorest and most uneducated for years. What did the liberals think would happen? California has a hepatitis epidemic on its hands because of liberal machinations. What did they think was going to happen?

 

[Mikeoxenormous]

It looks to be disappearing. Is it as bad as this author claims?

I know I am doing fine financially, but others apparently aren't. This is likely to lead to unrest.

The Fading Scent of the American Dream
If you talk to young people struggling to make ends meet and raise children, and read articles about retirees who can’t afford to retire, you can’t help but detect the fading scent of a prosperity that has steadily been lost to stagnation, under-reported inflation and soaring inequality, a substitution of illusion for reality bolstered by the systemic corruption of authentic measures of prosperity and well-being.

The New Reality of Old Age in America.

In other words, the American-Dream idea that life should get easier and more prosperous as the natural course of progress is still embedded in our collective memory, even though the collective reality has changed:for the bottom 95%, life is typically getting harder and less prosperous as the cost of living rises, wages are stagnant and the demands on workers increase.

Meanwhile, the asset bubbles inflated by central banks have enriched the top 10% of households, which own over 75% of all assets and take home over 50% of all household income.

The Fading Scent of the American Dream – Charles Hugh Smith – Medium

How can after 8 years of Obamanomics can the American Dream be fading? Is this part of the Fundamental Transformation of America, Obama promised?

One would think after he doubled the national debt, most Americans would be doing well financially.

Well...if you believe huge central government spending actually benefits Americans, other than the .01%.

My statement about Obama was total sarcasm, but my use is to get people thinking how socialism works...

 

[Mikeoxenormous]

We have been importing the world's poorest and most uneducated for years. What did the liberals think would happen? California has a hepatitis epidemic on its hands because of liberal machinations. What did they think was going to happen?

Fundamental Transformation?

 

[sartre play]

Things are getting worse for average Americans that's a fact. and all the blame the other side is not helping fix anything. when we start voting for people because they have shown a willingness to work for all of us, only then will things improve. don't think it will happen (if ever) till our backs are up against the wall & we are bleeding from every orifice.

 

[Mikeoxenormous]

Things are getting worse for average Americans that's a fact. and all the blame the other side is not helping fix anything. when we start voting for people because they have shown a willingness to work for all of us, only then will things improve. don't think it will happen (if ever) till our backs are up against the wall & we are bleeding from every orifice.

I guess you didn't hear the message from President Trump that he was working for the people by draining the swamp of those who have caused all this mess?

 

[Marion Morrison]

That's why Trump stepped up, because he remembers how it was and sees how it is and the way it was going. If I had the resources, I would, too.

He's doing the best he knows how to do, and that's all anyone can ask.

 

[gipper]

It looks to be disappearing. Is it as bad as this author claims?

I know I am doing fine financially, but others apparently aren't. This is likely to lead to unrest.

The Fading Scent of the American Dream
If you talk to young people struggling to make ends meet and raise children, and read articles about retirees who can’t afford to retire, you can’t help but detect the fading scent of a prosperity that has steadily been lost to stagnation, under-reported inflation and soaring inequality, a substitution of illusion for reality bolstered by the systemic corruption of authentic measures of prosperity and well-being.

The New Reality of Old Age in America.

In other words, the American-Dream idea that life should get easier and more prosperous as the natural course of progress is still embedded in our collective memory, even though the collective reality has changed:for the bottom 95%, life is typically getting harder and less prosperous as the cost of living rises, wages are stagnant and the demands on workers increase.

Meanwhile, the asset bubbles inflated by central banks have enriched the top 10% of households, which own over 75% of all assets and take home over 50% of all household income.

The Fading Scent of the American Dream – Charles Hugh Smith – Medium

How can after 8 years of Obamanomics can the American Dream be fading? Is this part of the Fundamental Transformation of America, Obama promised?

One would think after he doubled the national debt, most Americans would be doing well financially.

Well...if you believe huge central government spending actually benefits Americans, other than the .01%.

My statement about Obama was total sarcasm, but my use is to get people thinking how socialism works...

I recognized your sacasm. My post following yours however, was not sarcasm.

 

[Brain357]

It looks to be disappearing. Is it as bad as this author claims?

I know I am doing fine financially, but others apparently aren't. This is likely to lead to unrest.

The Fading Scent of the American Dream
If you talk to young people struggling to make ends meet and raise children, and read articles about retirees who can’t afford to retire, you can’t help but detect the fading scent of a prosperity that has steadily been lost to stagnation, under-reported inflation and soaring inequality, a substitution of illusion for reality bolstered by the systemic corruption of authentic measures of prosperity and well-being.

The New Reality of Old Age in America.

In other words, the American-Dream idea that life should get easier and more prosperous as the natural course of progress is still embedded in our collective memory, even though the collective reality has changed:for the bottom 95%, life is typically getting harder and less prosperous as the cost of living rises, wages are stagnant and the demands on workers increase.

Meanwhile, the asset bubbles inflated by central banks have enriched the top 10% of households, which own over 75% of all assets and take home over 50% of all household income.

The Fading Scent of the American Dream – Charles Hugh Smith – Medium

It definitely is not getting better. Cost of college too high. Healthcare cost too high. Wages have been mostly stagnant....

 

[initforme]

The so called dream does not exist. Never has. Its a dog eat dog world out there. The idea of some dream should not be taught to our youth.

 

[gipper]

The so called dream does not exist. Never has. Its a dog eat dog world out there. The idea of some dream should not be taught to our youth.

The American Dream is defined as every generation does better than the previous one economically. This has been true for several generations but it may have come to an end, thanks to the huge increase in collusion between big government and big business, resulting in ever increasing corruption and injustice.