AgentR11 wrote:American Dream, or do you mean the American Scam.
To me, the American dream was perfectly illustrated in, of all things, "Leave it to Beaver", modest home, comfortable family life, where the maturing of the kids was the central focus of the parents lifestyle. As such, it remains eminently achievable.
pstarr wrote:The latter is is social striving, the hope that someone with more wealth and power will take notice, believe you, and let you into their club. It succeeds occasionally, but most folks have radar to detect phonies.
Chrysler made a K-car limo for those folks.AgentR11 wrote:can't resist that new Mercedes, even if it is a standard sedan...
Europeans are happier when they have a day off and work less, while their American counterparts would rather be working those extra hours.
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Europeans tend to be more concerned with enjoying and living life to the fullest, while Americans are busy following the “American Dream” and traveling a road toward financial success.
Previous research shows that happiness can come from wealth and as a person’s income and employment status increase, so does their satisfaction with life. Americans believe that their hard work is what will move them up the ladder, so they appear happier while working more hours. They believe that by working these hours, they are achieving more and reaching more.
Based on interviews conducted before the 2008 financial crisis, researchers found that even though consumers espouse that they should limit their debt, they take on significant debt because doing so has become normal. As one participant put it, taking on debt is "the American way."
Barnhart and Peñaloza's research yielded a few key findings, including:
Americans suffer from a lack of financial literacy. Every participant said they had learned about credit card use and debt primarily through personal experience. Very few had received any training in school or at home, and most participants said they didn't discuss family finances with their children.
Half of the participants had debt they were unable to pay and one-third of them were dealing with collection agencies.
Participants often talked about credit as a measure of worth, noting that if they were approved for a certain loan they were "good enough for that car." Statements often indicated that approval for big-ticket items such as cars and homes were directly related to a value of the person.
Those who had credit cards and paid them off each month tended to be older, and had higher incomes.
Several of the younger participants in the study noted that they did not want to use credit, but felt they had to in order to finance cars and homes in the future. Most of the younger participants also were encouraged by their parents to have credit cards, and started using credit at a much younger age than those older than 50.
Niagara wrote:Why is it called the "American Dream"?
Because "you have to be asleep to believe it"
-George Carlin
http://www.youtube.com/watch?v=acLW1vFO-2Q
crude_intentions wrote:Can we say the American dream is dead yet or do we have to wait until it starts rotting and makes a smell?
vision-master wrote:Class of '57
I think it is the idea of a classless society where a person may cross socioeconomic lines and rise to whatever level they are able, anyone can become a Bill Gates or President Obama or Walter Cronkite.
In practice it means buying any and everything you want.
The American dream was to live comfortably (Jobs) retire happy (pension) and die in peace at a ripe old age (health care).
Sounds very much like the late Soviet Union. I think you forgot the house ownership, the Soviet Union did not have that one.crude_intentions wrote:The American dream was to live comfortably (Jobs) retire happy (pension) and die in peace at a ripe old age (health care).
radon wrote:Sounds very much like the late Soviet Union. I think you forgot the house ownership, the Soviet Union did not have that one.crude_intentions wrote:The American dream was to live comfortably (Jobs) retire happy (pension) and die in peace at a ripe old age (health care).
Some people (non-American) argue that the American dream is meritocracy.
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