Dream on... This month marks the 90th anniversary of the American Dream — or at least, when the term was first coined. Historian James Truslow Adams described it as "that dream of a land in which life should be better and richer and fuller for every man, with opportunity for each according to ability or achievement." Ninety years later, thousands of Snackers told us whether they think the American Dream is still alive.
Lay down the stats... Generations of Americans have climbed the economic ladder for decades, but there are signs that economic mobility is waning. The fraction of Americans who earn more than their parents has shrunk from 90% of those born in the 1940s to 50% of those born in the 1980s. Income inequality in the US has been rising for decades, and is wider between Black and white Americans.
In your words... We asked what the American Dream means to you today:
The dream is what you make of it... For some, it aligns with Adams' first description: opportunity to succeed, regardless of your background. For others, it's a lie. And for some, it's changing: thanks to stimulus spending, US households have saved $2T more than they would have normally. In April, US household income was 11% higher than pre-pandemic levels. Biden's presidency could further shape this trajectory, with trillions in proposed spending on social initiatives.