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Income Inequality In The 1970's

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While there is no strict definition of the American Dream, it is a notion based on the belief that everyone in this country is able to achieve his or her goals through talent and hard work. The American Dream is typically thought of in terms of wealth and standard of living. Common tenets of the American Dream include owning a home, paying expenses without incurring debt and saving for retirement. Unfortunately, the ability to achieve the American Dream has been diminishing for many Americans since the 1970's due in large part to the erosion of the middle class. Income inequality is the highest it's been since the mid 1980s for a variety of reasons. Due to globalization and technological advancements, many traditional middle class jobs have

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