What is the american dream9/6/2023 Truslow Adams was a freelance journalist and historian who made his name by coining the American Dream, but he didn't mean it the way it came to be interpreted decades later. The American Dream isn't what you think it is "What is largely misunderstood, however, is that this domestic, debt-based interpretation of the American Dream is not what James Truslow Adams had in mind when he coined the phrase in 1931," Samuel told Insider, emphasizing that the original definition meant every American should have the opportunity to realize a better life regardless of socioeconomic status - a radical idea at the time.Īs a result of both external economic forces and choices in a modern era, millennials are pushing the American Dream away from the postwar paradigm, reviving its true meaning in the process. Many millennials are directly challenging the dominant narrative of the American Dream by choosing to be single, childless, renting, not going to college, and serial job-hopping, said Larry Samuel, author of " The American Dream: A Cultural History" and founder of consultancy firm Age Friendly Consulting. The sentiment is that America is losing its self-image of prosperity thanks to a generation that prefers spending on avocado toast over saving for a down payment. It's not (always) that they're accusing millennials of murder - they typically argue the generation is apathetic or turning its back on the ideal. So cried the press in the past decade, accusing millennials of killing so many industries that The New York Times (and Business Insider) dubbed it a cliche, while The Blade and The Washington Examiner went as far as blaming the generation for ending the American Dream. A college-educated couple, mortgaged house with a white picket fence, 2.5 kids, and a dog: It's the American Dream, and millennials are "killing" it.
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