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Chasing the American Dream - Understanding What Shapes Our Fortunes (Paperback)
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Chasing the American Dream - Understanding What Shapes Our Fortunes (Paperback)
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The United States has been epitomized as a land of opportunity,
where hard work and skill can bring personal success and economic
well-being. The American Dream has captured the imagination of
people from all walks of life, and to many, it represents the heart
and soul of the country. But there is another, darker side to the
bargain that America strikes with its people - it is the price we
pay for our individual pursuit of the American Dream. That price
can be found in the economic hardship present in the lives of
millions of Americans. In Chasing the American Dream, leading
social scientists Mark Robert Rank, Thomas A. Hirschl, and Kirk A.
Foster provide a new and innovative look into a curious dynamic -
the tension between the promise of economic opportunities and
rewards and the amount of turmoil that Americans encounter in their
quest for those rewards. The authors explore questions such as:
-What percentage of Americans achieve affluence, and how much
income mobility do we actually have? -Are most Americans able to
own a home, and at what age? -How is it that nearly 80 percent of
us will experience significant economic insecurity at some point
between ages 25 and 60? -How can access to the American Dream be
increased? Combining personal interviews with dozens of Americans
and a longitudinal study covering 40 years of income data, the
authors tell the story of the American Dream and reveal a number of
surprises. The risk of economic vulnerability has increased
substantially over the past four decades, and the American Dream is
becoming harder to reach and harder to keep. Yet for most
Americans, the Dream lies not in wealth, but in economic security,
pursuing one's passions, and looking toward the future. Chasing the
American Dream provides us with a new understanding into the
dynamics that shape our fortunes and a deeper insight into the
importance of the American Dream for the future of the country.
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