00:00Why the American Dream is facing doubts from Gen Z and Millennials
00:04The American Dream, success through hard work, has long defined U.S. culture.
00:10But for many Millennials and Gen Z it feels out of reach.
00:16Millennials and Gen Z struggle with debt, stagnant wages and high home prices.
00:21Many see $500,000 yearly as necessary for security, doubting the American Dream.
00:30Social media amplifies wealth gaps, pressuring Gen Z and Millennials.
00:35Unlike past generations they see success as increasingly out of reach.
00:42Older generations valued hard work and stability, but younger ones question its viability as wealth concentrates at the top.
00:49Student loan debt hinders Millennials and Gen Z's financial stability, making saving, investing and homeownership difficult.
01:03Political instability fuels Millennials and Gen Z's doubts about the future, from health care to climate and the economy, leaving them feeling the system isn't in their favor.
01:13A Chase survey found that 85% of Miami residents believe in the American Dream, compared to 71% in Seattle, with factors like job prospects, housing, and wages influencing mobility.
01:30Owning a home, having kids, and working at the same job for decades used to be the definition of success.
01:40But younger generations are redefining what achievement looks like.
01:47Concerned about climate change, younger generations rethink long-term investments like homeownership and stability.
01:53How new people do you think the experience has become?
Be the first to comment