The American Dream Is Dead! What’s Next For Many Americans?

Will Many Be Forced To Emigrate?

The American Dream —

“…A land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement … regardless of fortuitous circumstances of birth or position.”- 1931, The Epic of America, Adams

The Characteristics of the American Dream:

• Upward Social Mobility — the ability to work and rise within classes. Example: moving oneself from poor to middle class, or from middle to Upper class.
• Democracy
• Equal Rights
• Liberty
• Opportunity
• Freedom

Over the years, the American Dream evolved to primarily include access to CREDIT.

This increased many Americans’ spending and purchasing power.

As a result, many Americans began to purchase and live out their American Dreams on a Credit and Debt-based system.

This created the illusion of a prospering country and national economy, as spending rose, and more “money” circulated within the economy.

The Central Bank and The Federal Reserve (A private company) laid the perfect trap for Americans. Creating debt and printing money out of thin air.

Today, the American economy is struggling with inflation, as many Americans struggle to pay back their debt with higher interest rates, amidst continued inflationary prices of basic amenities, like fuel, food, rent, etc.

To learn more about how the entire economy works; the role of the Federal Reserve (a privately owned company) in printing money and lending to the Central Bank/The Government, and how the entire country is run on a fictitious debt system, watch this 30-minute video below:

Debt, Failing Governments and Corporate Greed are playing an active role in the collective destruction of the American Dream.

In the beginning, the American Dream promised a nation in which its people could work their way up through economic classes, through hard work, determination, and ingenuity.

But the steadily declining middle class in America tells a different tale, now.

The middle class, once the economic stratum of a clear majority of American adults, has steadily contracted in the past five decades. The share of adults who live in middle-class households fell from 61% in 1971 to 50% in 2021— PewResearch.Org

Many Americans are no longer able to pull themselves up by the bootstraps because they’re drowning in a sinkhole of debt.

As a result, many are starting to wake up from the illusion called the American Dream.

They yearn for lives where they can afford a decent home, education, food, and healthcare, without the threat of sinking into endless perpetual debt.

So, What’s Next For Many Americans?

1. Travel, Emigration, Expat, or Digital Nomad Lifestyle

For the privileged few who have the option to leave, they leave the country.

This has given rise to “Expats’ and “Digital Nomads” as many Americans are increasingly opting to live abroad or live nomadically, to avoid skyrocketing costs of basic amenities like rent, food, and healthcare in America.

Even the baby boomers who grew up on significantly less debt are packing their belongings in their old age, and looking abroad because they cannot survive the healthcare costs and other costs of living in America with their current social security benefits.

2. Homelessness

In January 2020, there were 580,466 people experiencing homelessness in America. Most were individuals (70 percent), and the rest were people living in families with children. They lived in every state and territory, and they reflected the diversity of our country.

— endhomelessness.org

Many former middle classed people have now been left homeless, and are now forced to seek shelter in motels, tent cities, and homeless shelters across America.

It’s quite sad and pathetic to see large families living in one bedroom motels and tents in one of the wealthiest nations in the world

3. A life sentence of working multiple jobs to make a decent living

In the video above, a 25-year-old mother has to work two part-time jobs and rely on only an hour of daily sleep, to be able to afford rent at a cheap motel for her and her family.

This is the reality of millions of Americans living in the US.

Companies are hiring workers as temporary employees so that they can avoid providing job benefits, such as health insurance.

Working multiple jobs and still not being able to afford a decent life and healthcare is far too common in modern-day America.

4. Entrepreneurship and Perpetual Side hustling

New entrepreneurs are made every day, as more and more people are beginning to explore this path as an option to working 9–5 and building multiple streams of income to be able to afford a happy and healthy life for their families.

5. Adoption of New Decentralized Financial and Economic Systems like Cryptocurrency.

Cryptocurrency, an application of Web 3, has introduced a decentralized alternative economic system that does not rely on the government or The Fed printing money

Many supporters of the technology claim Web 3 is poised to facilitate a mass transfer of wealth from ‘the haves” to the people bold enough to participate in its economies.

But with everything, a major question remains — how decentralized is this system if it’s still controlled by the big players.

If you’re considering learning more on how to get started in crypto, check out my article below:

6. Universal Basic Income?

Will Universal basic income be adopted to provide income relief for millions of struggling Americans?

Universal basic income (UBI) is a sociopolitical financial transfer policy proposal in which all citizens of a given population regularly receive a legally stipulated and equally set financial grant paid by the government without a means test. A basic income can be implemented nationally, regionally, or locally.

Some proponents of the UBI argue that it’s an immediate and practical solution to income poverty.

Others argue that it would simply discourage people from working and increase inflation.

What do you think?

Is America’s future all doom and gloom?

Or are things not as bad as they’re made out to be?

Many millennials seem to believe that the future of America is bleak, as they struggle to build on the achievements of their parents.

What do you make of all of this?

I’d love to read your thoughts, experiences, opinions, and reflections in the comment section.

If you’re thinking of leaving America as I did, you can Download my E-Book: A Digital Nomad & Expat’s Complete Research Guide To Moving and Living Abroad (It’s Free/You can pay whatever you want for it) here =>

https://judithbanquist.gumroad.com/l/CompleteResearchGuideToMovingandLivingAbroad

Follow me on Twitter. 

Subscribe to receive my new content updates, here.

Sign up for Medium with my link to have access to thousands of useful and life-changing content. 

If you love my work, please support me by buying me Coffee.

I appreciate your support.