The American Dream: Causes And Consequences Of The American Dream

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American Dream The American Dream has come from a desire to increase social standing and quality of living. Although the U.S.’ numerous opportunities have allowed many people to achieve their dream, the American Dream is also flawed. Certain demographics tend to live together in areas with little opportunities reducing their chances of achieving the dream, increasing wealth inequality allows only some to support themselves, and economic downfalls make the American Dream exist in a flawed manner. The American Dream has held many meanings over the course of U.S. history. It focused heavily on the ownership of many material items during the 1920s, epitomized by the classic book by F. Scott Fitzgerald, The Great Gatsby. However, nowadays the…show more content…
Seeking out comfort in the form of similarity, these ethnicities tend to live together in the Chinatowns, Native American reservations, and African-American communities of the U.S. However, these places where ethnicities reside tend to have fewer job opportunities. This is evidenced by the states with the highest unemployment rates, also having the highest percentages of some ethnicity. One such example is the District of Columbia, whose percentage of African-Americans is the highest in the country at around 50%, and yet also has the third highest unemployment rate at almost 6%. This trend extends to other ethnicities as well, with Alaska, the state with the highest unemployment rate, being 14% Native American, also highest in the country. Actually, the top five states in highest unemployment, Alaska, New Mexico, D.C., West Virginia, and Nevada, have an ethnicity that make up a top five percent of the state’s population except for West Virginia. This trend of demographics living in areas with low opportunities creates a disadvantage in the struggle to achieve the American…show more content…
Daymond John, known widely for his role in Shark Tank, is a testament to the American Dream persisting. After working growing up with his single mom, and working at Red Lobster until he was almost thirty, John decided to take his career into his own hands. He hand sewed eighty hats, and sold them all to make eight hundred dollars. Hundreds of hats later, John had a successful business and was no longer poor. Having dreamt of owning his own large business for his entire life, John’s relentless work ethic allowed him to achieve his American Dream while living in a community which boasted a 7.4% unemployment rate at the time. The unemployment rate of John’s hometown, Queens, has now decreased to barely above national average at 4.3%, but is now plagued by another problem; income inequality. This problem is occurring all across our nation, hurting the American Dream. The top 20% wealthiest of the U.S.’ population owns almost 86% of the countries wealth, leaving only 14% for the bottom 80%. This means that there is much less money left for the lower classes to increase their standing and achieve

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