The “American dream” has long been a cornerstone of our national identity—the idea that any citizen of the United States, regardless of upbringing or background, can work his or her way to prosperity. It is why nearly 1 in 5 businesses in the country are owned by first-generation Americans. It is borne out in the sharp increase over the past 20 years in college students from economically distressed households. It is also reflected in the “income advancements” we have seen among American families over the past 30 years.
Despite the upward mobility experienced by millions, the American people are losing hope. In newly released polling data published by our organization, the Joseph Rainey Center for Public Policy, 66% of Americans polled believe the concept of the American dream has become “less attainable” over the last 10 years. Only 9% of Americans think the…
