Student Debt

The American dream was brought about in the 1930’s and for centuries the dream has been a goal wished by many and pursued by few. The American dream has been noticed in famous novels including The Great Gatsby, Watchmen and Revolutionary Road. The historian by the name of James Truslow Adams used the term during the great depression to recognize, moral values, religious practices, and societal expectations. In reality, most people start dreaming and setting goals in their life when they are young. In modern day, Student debt is crushing a generation of non wealthy Americans, home ownership transitions have declined and it is becoming harder to make ends meet. In consequence, the American dream, is now dying in the light of young Americans.

It is natural to assume these two trends are related and that the first may be causing the second. An article by third way spells out that the “transition to adulthood” is a term to explain the stage of life when young adults leave their parents, marry, have children and gain full-time employment. This stage in life has changed dramatically over the past several decades and most definitely, in recent years. An article by Third Way says “Indeed, the proportions of young adults under 30 who are married and parents have declined steadily between 1995 and 2013, whereas the proportions of young adults who are enrolled in college and who are living with their parents has increased steadily” (Forbes.com) For years the accomplishment of owning a home represented responsibility within young adults and climbing up the social ladder. Furthermore, no matter how hard Americans work in a field of their choice achieving the American dream through home ownership is nearly

Nearly half of Americans are ‘financially fragile’ which means it is becoming harder and harder for Americans to make ends meet. When immigrants first started to migrate to the United States they wanted a better life for their children which ultimately led to a better future for their children. According to CNN, a majority of Americans think their children will be worse off than they are. It is also seen 90% of all divorce cases are a result of financial arguments. This means the hard work parents put into to achieving their own American dream, is barely enough to just ‘scrape