The American dream is dead for many. Social democracy can bring it back

The article discusses the decline of the American dream, highlighting that many Americans feel it is no longer attainable. Polls indicate that only 27% believe the American dream holds true, a significant drop from previous years. This sentiment is particularly pronounced among those without college degrees, reflecting broader issues of income disparity and social mobility. The life expectancy gap between rich and poor Americans has widened to over ten years, illustrating stark inequalities. The author argues that the U.S. has one of the lowest rates of social mobility among wealthy nations, exacerbated by a decline in union membership and inadequate social welfare systems. The loss of good jobs and persistent poverty have led to social issues, including drug abuse and crime. The article suggests that to revive the American dream, the U.S. should adopt social democratic policies, such as better wealth redistribution, improved healthcare, and support for education and job training. It also emphasizes the importance of a political vision that promotes the moral worth of every citizen and fosters a more optimistic society. The author concludes that while the current situation is dire, it is possible to create a better future through collective action and policy reform.

- Only 27% of Americans believe the American dream is still attainable.

- The life expectancy gap between rich and poor Americans exceeds ten years.

- The U.S. has one of the lowest rates of social mobility among wealthy nations.

- Declining union membership and inadequate social welfare contribute to social issues.

- Social democratic policies could help revive the American dream.