Best, E. (2012). Debt and the American dream. Society , 49 (4), 349-352.
The markets for American housing and American education have changed in the past few years. There is an increasingly huge endless explanation for the increasing debt levels in housing and education. Most of the explanations usually revolve around irrationality and bubbles which means that the market does not understand what is happening. The paper argues that the debt markets for college education ad mortgage are defective and do not function as designed. Student loans and mortgages are used to finance the modern American Dream. The article explains how the myth of the American Dream has caused an increasing amount of challenges for several Americans. There are dream ideals for college education and home ownership which drive many Americans to debt and frustration.
Chetty, R., Grusky, D., Hell, M., Hendren, N., Manduca, R., & Narang, J. (2017). The fading American dream: Trends in absolute income mobility since 1940. Science , 356 (6336), 398-406.
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The absolute income mobility was analyzed by looking at children who attained the American Dream by earning more than their parents. The data showed that the rate of income mobility had fallen from 90% for children born in the 1940s to 50% for children born in the 1980s. The results showed that achieving the American Dream would require high rates of economic growth. The results from the study show that income mobility has fallen throughout the income distribution with the largest decline taking place in the middle class. While the American Dream promises that hard work and opportunity leads to a better life, this has not been true for children that were born in the middle of the 20th century. The article considers that the American Dream was not a myth for half of the children born in 1984. The article does not consider the American Dream as a myth. In case, it considers that in order for individuals to realize the American Dream, there has to be a more even of economic distribution that allows children to fulfill their dream.
Sepehrmanesh, M., & Dehghani, E. (2014). The Dehumanizing American Dream in David Mamet’s Glengarry Glen Ross. k@ ta lama , 16 (1), 45-53.
The American Dream is a recurrent theme in American literature. The paper attempts to show the negative and destructive effects of the American Dream on the human spirit. Despite the promises of the American Dream, there lies deep current meanings which reflect the calamities of American life and the modern world. The article shows how capitalism inculcates the mind and facilitates exploitation and subordination. The American Dream promises individualism and independence as they achieve what they aspire. However, such individualism is oppressive because it puts self-interests above individual needs. While the American Dream is an ideology that has survived since the foundation of America, it brings out the weak points of America. The article explains how the American Dream had good intentions but resulted in an ideology that led to the downfall of society. It explores how the definition and analysis of the American Dream in the book Glengarry Glen Ross by David Mamet.
Tittenbrun, J. (2015). The Myth of American Dream. World Scientific News , (9), 1-16.
The American Dream is a deep-seated element of the collective American consciousness but has failed to address the poor social relations in the country. The American Dream can be considered a myth because several years later, the United States society fares quite poorly with inequality and social injustice. The article shows that there is a wider disparity in wealth and income and wider differences in the life chances between children of various classes and estates. The poor families and children of the lower social classes do not have equal opportunity to get to the upper class making the American Dream a myth. The socio-economic divide is also increasing significantly and follows the passage that everyone that has more will be given to them. Taxes are increasingly high for the middle class making it impossible for one to achieve the American Dream. The article points out that the concept of the American Dream should be considered as a myth since the middle class has very low chances of achieving the dream.
