THE AMERICAN DREAM 🇺🇸 IS NO LONGER ATTAINABLE?

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·Nov 7, 2024

So many young Americans feel that the American dream is unattainable. You've got to remember these young people, this cohort of individuals, men and women, never lived in a time of rising interest rates or inflation. Obviously, these are great cycles, but for 30 years, rates have been going down.

So, affordability of housing, which is the number one issue, when you get married, you want to start a family, and you're in your mid-20s, you look at housing. And obviously, there's been a ground shift for them because mortgages are no longer three and a half or 4%. They're more like seven or eight. So they've doubled in a matter of months.

That's number one. Number two, they've never lived through a period where protein or eggs or food goods went up 20, 30, 40% since the beginning of the pandemic.

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Phil Libin at Startup School 2013

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THE AMERICAN DREAM 🇺🇸 IS NO LONGER ATTAINABLE?

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