The American Dream Is COLLAPSING Before Our Eyes

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2 months ago
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Nearly everything in our economy has shifted in the last few decades. College has become astronomically more expensive. The job market has gone through a complete overhaul. And the housing market especially has changed dramatically.
Post-World War II, the American Dream became intricately tied with the idea of homeownership. Today, many people still share that sentiment. A survey by LendingTree found that 94% of Americans believe that owning their own home is part of the American Dream. But today, buying a home is much different than it was during that building boom. Today, we have an affordable housing crisis in America with an incredible demand for homes.
So while people are working endless hours to make ends meet at their 9-5, with the hope of one day owning a home, there aren’t even enough homes available.
But at least Americans can look forward to the final stage of the American Dream: retirement. But no, retirement has changed dramatically too. Outcomes are dire for retirees because most Americans are still relying on outdated accounts and systems.
The 401k is among the most popular retirement plan in the US, yet it yields the most mediocre results. In recent data from Vanguard, the average 401k balance was only $112,000 in 2022. Since the dissolution of pension plans, the 401k has lost its position as a secure retirement plan. For the most part, a 401k will never lead to wealth. It’s a total lie that’s been sold to Americans. It hasn’t worked for decades, and it’s not going to help you build wealth.
And your parents or grandparents might have access to a decent Social Security check, but the program is going down the toilet, fast. Social security is crashing. Today, the average monthly Social Security check is a paltry $1700(table 2), and benefits are expected to decrease significantly after the year 2035.
Political corruption and the best interests of Wall Street are at the foundation of many, if not all, of these outdated systems. None of it is meant to help you create wealth.
At its core, the American Dream isn’t really about the white picket fence or the 401k. It’s about financial freedom, the ability to accumulate wealth and pass it down to future generations.
If you want to realize this dream for yourself, you’ve got to stop holding out hope for these outdated systems and practices. And if you’re ready to create financial freedom for your family, the best place to start is by downloading my free PDF, the Freedom Number Cheat Sheet.
The Freedom Number is a concept I created and used in order to break free from the rat race and the chains of traditional retirement accounts. I share it for free because I believe so deeply in its ability to transform lives. I hope you’ll check it out, again it’s totally free. Just head to https://morrisinvest.com/freedom and we’ll send it your way.
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