Money Journal Survey Shows American Dream Waning

Weak consumer confidence may be leading to a decline in the American Dream, a new survey has found.

Las Vegas, NV, November 06, 2013 --( The U.S. financial crisis has had a major impact on the world economy, which has been devastated by Wall Street intervention and the banking industry. Economic uncertainty and hard times have driven the majority to feel under-confident.

Consumer confidence eroded but signs of an improving economy seem to be growing, at least in some areas of the country. However, confidence in the American Dream of making it big and wealthy have declined, according to a new survey.

The study, conducted exclusively by Money found that 62% of those polled feel that the American Dream is dead, at least for them. The balance or 38% said they still believe the American Dream is possible.

Captains of industry still seek their fortunes in the high-tech world of Silicon Valley, entertainment and in the business world.

However, entrepreneurs are less often from the U.S. and increasingly come from other countries. Making it rich seems to have almost gone out of fashion for many Americans, who have given up on the idea of living the American Dream of fame and fortune.

Whether this is a temporary case is difficult for economists to tell. So many Americans are disappointed or disillusioned so much by the U.S. capitalistic system that they can’t see a way of becoming greatly successful or wealthy.

Money regularly surveys visitors on important economic issues, and reports on the lifestyle of the rich and famous. Journalists, including experts in stocks, bonds, real estate, lifestyles of the rich and famous, money management and personal finance provide reports with insight.
Money Journal
Mike Colpitts