Is the American Dream totally dead?

Let's get into it.

The Federal Reserve Bank of New York recent released is 2024 survey of consumer expectations housing survey.

And let me tell you, it paints a depressing picture of the future of homeownership in the United States of America.

At one point in time, the American dream, of course, 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, so much more.

Now, the survey emphasizes Americans' growing anxiety over

rising housing prices, especially among renters who are losing their grip of aspirations for future

homeownership. And we just got new data out just a few weeks ago on rental prices, and they

continue to go up. Even as inflation continues to go up, it is crushing people right now. They're just watching

the American dream being flushed down the toilet. In fact, renter's confidence in the ability to

ever buy a home was reported at a record low. 40%. Just think about that for a minute. Fewer than

half of Americans believe they'll ever be able to buy a home. Isn't that crazy? The prospect

of buying a home is shifted

from a probability to a pipe dream for many Americans. Today, many people are experiencing serious

financial hardships with no end in sight. Let me know in the comments below, are you saving up,

hoping to be able to buy a home? What is your situation right now? I'd love to hear from you.

Now, 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 we

live in the United States. These facts are unsettling and undeniable for many people right now.

Now, the Biden administration, which is the current administration in the United States, operating in the

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