The "American dream" may sound vague and grandiose, but it means something concrete and important to many Americans. It means an economy in which people who work hard can get ahead and each new generation lives better than the last one. The "American dream" also means a democratic political system in which most people feel they can affect public decisions and elect officials who will speak for them.
In recent years, the dream has been fading. Americans are worried about their economic future--and they should be. For nearly two decades, the much-vaunted American economy has been performing below par. Wage earners have found their take- home pay buying less. Families have kept up their standard of living by working more hours and having both spouses in the labor force. Young people look at their job prospects and wonder whether they will do as well as their parents or will be able to
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Publication information: Book title: Reviving the American Dream:The Economy, the States & the Federal Government. Contributors: Alice M. Rivlin - Author. Publisher: Brookings Institution. Place of publication: Washington, DC. Publication year: 1992. Page number: 1.