American Dream Less Achievable Today?
Written by Your 5News Team
Last updated on June 04, 2014 @ 11:45PM
Created on June 04, 2014 @ 11:38PM
Many kids who are graduating college or just recently graduated college don't feel confident about having a better life than their parents. Nearly two out of every three young Americans (18-34) feels that the American Dream is now unattainable.
Sometimes it's easy to understand exactly why so many people think that the American Dream is out of reach and why the same amount of parents believe that their children won't have better lives then they did.
There are many symptoms that have led to economic issues including high college tuition costs, inflation, and unemployment. New studies are showing that economic mobility in the U.S. is worse then in most developed countries, but that it hasn't changed as much as people think. Even still, plenty of folks in our area are concerned for their children and grandchildren.
"All the factors I see out there today with regulations and jobs and everything else, most of the parents together feel that it's going to be more difficult for our kids to do what we did when we were growing up," said Lumberport resident Dave Ridenour.
"My son just got out of the Air Force and is going back to college. It's scary because he has to have a dream. He has to have security, not just a job," Elkins native Debbie Chandler told 5 News.
What's weighing down the Millenial generation?
Student loans are a huge problem of course. Another major concern is that women who have graduated often come out and on average make $8,000 per year less then men in the same profession.
"Student loan debt is weighing down our economy. This is truly an economic emergency," said Senator Elizabeth Warren (D-MA).
"You go off to college. You want to pursue the American Dream... then they find that they're paid for college graduates 82 cents for the men that they work along side with," said Barbara Mikulski (D-MD).
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