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Why The American Dream Became Unaffordable For The Middle Class

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As of June 2024, 65% of middleclass Americans say they are struggling financially and don’t expect their situation to improve for the rest of their lives. Meanwhile, 72% of middleincome families say they are actively cutting back on nonessential expenses, with nearly half cutting back or pausing their savings entirely. So how has the middleclass life that’s idolized by so many American families become so unaffordable? And what role does policy play in solving it?

Chapters:
1:56 Housing
4:25 Child care
6:46 Health care
9:04 Politics

Produced by: Juhohn Lee
Animation: Jason Reginato
Supervising Producer: Lindsey Jacobson, Jeniece Pettitt
Additional Footage: Getty Images, ABC News, CBS News

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#economy
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Why The American Dream Became Unaffordable For The Middle Class

posted by kuntekstae2