Is the American dream a feasible aspiration anymore?
Housing prices and interest rates are up, making it almost impossible for young people to afford to buy a home. Fertility rates continue to reach historic lows. These signs point to the decay of the American dream. Meanwhile, President Joe Biden is failing to address the challenges preventing U.S. citizens from achieving that American dream.
Everyday Americans are struggling to pay for gas, groceries, and rent. That’s Bidenomics.
As for homeownership, increased home prices and mortgage rates continue to discourage homebuyers. Since 2020, home prices increased 47.1%, with Forbes reporting the national median price of a home coming in around $400,000. Years of underbuilding and rising mortgage rates have only worsened the situation for Americans, with the average 30-year fixed-rate mortgage currently at about…
