Many Feel Living the American Dream Is Unattainable

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 3 September 2024

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A recent Wall Street Journal/NORC poll indicated a significant gap between people’s wishes and expectations regarding owning a home, having a family, and looking forward to a comfortable retirement. Economics reporter Rachel Wolfe joins host J.R. Whalen to discuss why the pessimism is more pronounced today compared to previous generations. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	O. C.I. is the single platform for your infrastructure, database, application development, and AI needs.
0:06.0	Do more and spend less like Uber 8 by 8 and Databrics Mosaic.
0:11.0	Take a free test drive of OCI at oracle.com
0:14.4	slash Wall Street. Here's your money briefing for Tuesday, September 3rd.
0:21.2	I'm J. R. Whelan for the Wall Street Journal.
0:26.5	Living the American dream is a wish for many people,
0:29.3	but in a recent poll, a majority of adults
0:31.8	said they don't feel they'll be able to achieve it, even with hard work.
0:35.1	They can't plan a wedding, they can't plan for kids because they need to have the house in order to do all of those things,
0:42.2	that they can't hit this first rung on this ladder and so then they can't keep moving so they feel pretty stuck.
0:49.6	They feel like they had the dream that the country promised them something and then took it away.
0:55.4	We'll talk to Wall Street Journal reporter Rachel Wolf after the break. AI may be the most important new computer technology ever, but AI needs a lot of processing
1:14.8	speed and that gets expensive fast.
1:17.2	Upgrade to the next generation of the cloud, Oracle Cloud Infrastructure or OCI.
1:22.2	OCI is the single platform for your infrastructure, database, application development, and AI needs.
1:28.0	Do more and spend less like Uber, 8 by 8 and Databroix mosaic.
1:33.0	Take a free test drive of OCI at oracle.com slash Wall Street.
1:37.3	Oracle dot com slash Wall Street. Living the American dream and being able to achieve financial milestones has been a goal for generations.
1:56.0	But few people currently feel they can reach it, according to a recent poll.
2:01.0	Wall Street Journal Economics reporter Rachel Wolf joins me.
2:04.6	Rachel, what do people generally feel the American dream entails?
2:08.6	So Americans overwhelmingly still desire all the traditional trappings that we have always associated with the American dream.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.