Dedrick Wang
Is the American Dream Still Alive? America: the land of the free, home of the brave, and the nation of opportunity. America is a country constructed upon the core beliefs that every individual has the right to life, liberty, and the pursuit of happiness. Through grit and perseverance, America has rose to become a global superpower. However, after centuries of evolution, our great nation has encountered a crisis which challenges our very identity and the American Dream itself. The concept of the American Dream can be inferred and translated into an infinite amount of definitions, however, the overarching theme is that every U.S. citizen, despite culture and background, should have an equal opportunity to achieve prosperity and
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The American Dream is threatened by the rampant hatred and racism that plagues our nation. A prime example of racism tainting the American Dream can be found in the White House, in our president Donald Trump. Trump’s proposals of restricting Mexican and Muslim immigration denies the opportunity to millions of individuals hoping to chase after the American Dream. Regardless of an individual’s race or religion, they are entitled the right to pursue freedom and economic opportunities as promised by the overarching theme of the American Dream. Donald Trump’s policies are a direct inverse of the ideals portrayed in “The New Colossus” by Emma Lazarus. “The New Colossus” is a poem about the Statue of Liberty which is meant to be a beacon of hope for immigrants. It is meant to be a message that America takes in the poor, the weak, and the unwanted. These immigrants come to America with nothing, yet they still come looking to pursue their dreams and to work hard to attain them. These immigrants are exactly what the American Dream is meant to be, working hard and persevering in order to achieve happiness, yet Donald Trump is already killing …show more content…
Throughout the years, America has faced its ups and downs in terms of economic prosperity and none has been more evident than during the Global Financial Crisis in 2008. When the housing market crashed millions of people were left poverty stricken, and unemployed. As a result of this event, America was thrown into a period of economic recession and its people were thrown into a state of depression. Due to the housing market crash, millions of Americans witnessed the instability of the free market play out in front of them. In addition, another example of economic struggles killing the American Dream is found in student debt among college grads. According to The Institute of “College Access and Success”, in 2012 approximately 71% of all students graduating from four-year colleges suffered student loan debts, with the average debt being around 30,000 dollars and in worse case scenarios in the 6 figure range. As a result of student loans, nearly 48 percent of young adults coming out of college feel as if the American Dream is impossible to attain. They feel as if they have an unequal or nonexistent opportunity to achieve financial stability and prosperity as the loans swallow them up before they are even able to pursue a career. Economic prosperity is something that every individual worries about, in result, constant economic struggles within the
04 Dec. 2016. In USA Today’s article by Sandra Block and Christine Dugas titled “Five Proposals to Solve $1 Trillion College Loan Crisis,” the authors mention five ways to solve the student debt crisis in America, illustrating things like Bankruptcy reform, loan forgiveness, increasing federal pell grants, and the education of borrowers. Evaluating this article, it provides an informative view on the solution of student debt, and overall expresses many different spectrums on ways we can solve this social problem. The five ways to solve this problems
In recent years, 70% of students graduated with student loans, and in 2016 graduates on average held $37,172 in debt based on a survey done by Citizen’s Bank; 59% of those graduates do not know when their debts are going to be paid off (Powell). Steve Sacks illustrated a cartoon in the Star Tribune in May of 2012 to inform high schoolers about the struggle brought on in college by student debts. The cartoon, “Student Debt,” shows how hard student debts impact high school graduates going into college; students pile up so much debt, even before graduating the burden hits them hard. In this cartoon, it is viewed from a straight on view that is also looking down on the graduates at an angle.
Student debt is the nightmare that many people live with on a daily basis. It is nearly ironic how people use education as a potential ticket that hopefully will bring financial stability, along with many other things, in the future; yet, people are graduating with high amounts of student debt under their name that take years to repay. Now that the nation’s student loan debt have surpassed 1.4 trillion dollars, policy-makers are extremely concerned. From 2008 to 2012, there was a .2 million increase of students graduating with debt, meaning that ever since, there are more than 1.3 million people with student debt (Student Loan Hero). I think that student loan debt is a problem in the United States.
Richard Vedder states that from 1984 to 2004, according to the Bureau of Labor Statistics, “College tuition has risen by 289 percent” (Vedder). The price for higher education has nearly tripled in two decades while the wages has moved nowhere near that amount. Vedder also states that “It took two months' income for the typical family to pay annual tuition when I entered North western University in 1958; today's family has to devote half its annual earnings” (Vedder). College used to be affordable, but now it is simply getting more and more expensive as time goes on. Student debt has been a major source of stress for many families and young adults leading to increasing numbers of depression, heart disease, Alzheimer's disease, suicide and the list goes on and on.
About 17.4% of Americans endure the affliction of college student loans. That’s about forty five million people who have borrowed student loans. But looking into the past, the 50s and 60s specifically that was not the case: the average college student's tuition was free or had a very low fee of a thousand dollars or less. Comparing this to the ever mounting 1.76 trillion US dollars of college debt, there's obviously a huge need for reform as this sets many young students into debt early on. College student loan debt is one of the most punishing grievances that affects the lives of most young adults living in America this 21st century.
Most of my friends who are currently in college have between 5000$-20.000$ in federal and private loans. In many cases, besides for the loans, students have to work and study at the same time, which results in a stressful life for the student. In fact, many students are not able to finish their education because, since they can’t afford it, they have to work over their studies. Out of all the possible reasons to drop out of college, “the No. 1 reason many young adults drop out of college is an inability to juggle school and work” (Johnson). Finishing college is the most decisive forecaster of prosperity in the workforce and the inconsistency in college completion between children of rich and poor families duplicated since the late 1980s (McGlynn 55).
This essay will overview the accounts of multiple experts concerning student loan debt, including how it affects the economy, and possible solution to student debt. Included in the experts are Dave Ramsey, Beckie Supinao, Hardeep Walia, and Allison Linn. Student loans begin back in 1965 with the Federal Family Education Loan (FFEL) program, and have since grown to what it is today. With more and more student taking out loans in order to get an education, some experts have begun to call the situation a crisis due to the amount of money being borrowed, but there are some who believe that the amount being borrowed is not so much of a crisis as others have stated. Although some may disagree, most experts have similar ideas on solutions to the crisis,
The American Dream: Dead or Alive? Is the American Dream dead or alive? This question has been asked and debated on by both Americans and non-Americans. The idea of an American Dream has many different meanings to different people.
The American dream at one point was what drew people to American; the right to life, liberty, and the happiness. The American dream is the hope to acquire currency, large homes, raise a middle-class family, and pursue what brings people joy in life. But in the year 2016, the American dream becomes hard to believe in. The American dream may still exist, but it is not equally accessible to all Americans. This is true because the American dream is not affordable for everyone, it is not available to everyone from different degrees of education, and race and ethnicity creates large social barriers.
The American Dream is so essential to our country as it is an honor to reach your goals and make it a reality. The American Dream is the national ethos that people’s lives would be better and more abundant with many opportunities. The American Dream was more accessible to attain back in the days, however, changed over the years. Although the “American Dream” is still possible, many people, minorities are affected by the lack of improvement in social mobility in our society. The American Dream is still alive by being able to live a middle-class lifestyle and by obtaining it through perseverance and hard-work.
Loans allow receiving a college education seem like a smoother process considering that such a hefty amount to pay is divided so that it can be paid for in moderation. Despite the fact that it’s split into many payments, it’s still a large quantity all in all so unless indebted students aim for high income jobs, there would many years of difficulty to come after college. For this reason, undergraduates make it their goal to go after jobs which would prevent them from being constantly pressured to pay off debt. Thus, student debt is both a crisis and a reason to encourage persistence towards greater ambitions (Hillman, 41). It is a tremendous thing when a student seeks to be financially comfortable or even rich in the future but not when it is for the wrong reasons.
The American Dream is Attainable Dreaming of success, a bright future, or even hope? An idea placed in the Declaration of Independence, The American Dream has been a beacon of hope to many; however, does The American Dream really exist? Some can and will argue that it’s dead, and that it isn’t achievable. I believe it’s alive, but it has to be realistic. By being realistic, anything could be possible, but only with the amount of effort put forth.
Student loans can be helpful, but when it's time to pay back, it can lead to future mental struggles and be stressful and hold you back from living the life you want to live in the long run. The student loan debt crisis in now only taking a huge toll on the personal lives of many Americans, but on the economy as well. Whether or not students graduate or not, if they pulled out student loans worth $200,000 they remain in debt for a remainder of years. As the problem continues to grow it becomes more and more critical to find a solution to help the well being of everyone in the nation, student or
No matter who you are or where you have come from, you have undoubtedly heard of the American Dream. The idea that no matter who you are or where you have come from, you can do whatever it is you desire in America. What was once one the main driving forces for immigrants to flock to the new world, has slowly changed over the years, but still holds its value in the eyes of those who are looking for a promising new place to live. The American dream might not hold the same awe inspiring sound that it once did, but for many generations before ours it was a beacon of hope that helped build the foundation that the United States was built on. And, still, today the American dream might not be as achievable as it once was, but it is still an important
Many people have and are still coming to America, seeking this thing we once knew as the American dream. The American dream has been around since 1776 but was later coined in 1931. (Novak, 2015). Is the American dream still alive today? Is the American dream still worth pursing?