Monday, June 9, 2008

Economy squeezes the American Dream


Work hard, play by the rules and tomorrow will be better than today. That implicit promise has been at the core of the American Experience through good times and bad.

But now, whipsawed by plummeting home values, $4-a-gallon gas, rising food prices and gyrating financial markets, Americans increasingly fear that the national bargain has unraveled, that their once-steady march toward affluence has derailed. In a new USA TODAY poll, 54% of those surveyed say their standard of living is no better today than five years ago.

"Fewer Americans now than at any time in the last half century believe they're moving forward in life," concluded a recent report by the Washington, D.C.-based Pew Research Center.

Check Out Full Article @ USAToday

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