The American Dream is TOTALLY Dead and they did it on purpose | Morris Invest

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The American Dream is totally dead.
The Federal Reserve Bank of New York recently released its 2024 Survey of Consumer Expectations Housing Survey, and let me tell you, it paints a depressing picture of the future of homeownership in America.
At one point in time, the American Dream was synonymous with homeownership. Today, there are many, many hurdles that are holding Americans back from homeownership – including the affordable housing crisis, housing prices, interest rates, inflation, and so much more…
The survey emphasizes Americans’ growing anxiety over rising housing prices, especially among renters who are losing their grip of aspirations for future homeownership. They’re just watching the American Dream being flushed down the toilet… In fact, renters’ confidence in the ability to ever buy a home was reported at a record low of 40.1%. I mean, just think about that.. less than half of Americans believe they’ll EVER be able to buy a home?
The prospect of buying a home has shifted from a probability to a pipe dream for many Americans. Today, many people are experiencing serious financial hardships, with no end in sight. We know that credit card debt is at an all-time high, most Americans have little to no savings, and inflation has changed every aspect of how people live.
American Dream CRUSHED Blog Post: https://morrisinvest.com/blog/2024/5/8/sce-housing-survey-reports-renters-hopes-of-owning-a-home-sinks-to-historic-low/
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