Faith in the American Dream Falls Under Biden: Poll

A majority of American voters believe the “American dream” is unattainable, according to a poll conducted by the Wall Street Journal and NORC.

About 36 percent of voters said the American Dream, as defined by the idea that if an individual works hard, they will get ahead, was attainable, down from 68 percent who said the same last year. seconds in the WSJ/NORC poll released Friday. About two-thirds of voters think the economy is in bad shape as inflation continues to outpace wages and prices keep going up

Half of respondents said the quality of life in the U.S. is worse than it was 50 years ago, compared with less than a third who said it was better.

14 million new jobs.

Student debt relief for millions of borrowers.

The most important gun violence prevention legislation in nearly 30 years.

Lower costs for prescription drugs, health care and energy.

President Biden is giving for the American people. pic.twitter.com/oBq3rT4m40

— The White House (@WhiteHouse) November 22, 2023

The idea of ​​the “American Dream” seemed more out of reach for women and younger respondents, according to the WSJ/NORC poll. Compared to 46% of men, only 26% of female respondents said they believed that hard work would guarantee success, and only 28% of under-50 respondents felt the same, compared to 48% of the over 50 group.

Also, only 35% of respondents felt the economy was in good shape, according to the WSJ/NORC poll. Higher inflation rates in general pressed Americans spent less on “non-essentials,” such as vacations or eating out, and price increases were the top financial concern for 82 percent of Americans in November 2023.

The price American families paid to celebrate Thanksgiving 2023 was the highest on record, as prices for food relevant to the holiday have increased by about 26% since President Joe Biden took office. Prices for uncooked poultry chicken have increased by 31.2% since January 2021, while classic desserts such as cakes and pies have increased by 31% in the same period.

The current administration continues it maintain that “Bidenomics works,” even though only 14% of voters said the economy was better off under President Joe Biden, while 70% felt the economy has suffered under his policies, seconds to a Financial Times poll on 13 November.

The WSJ/NORC poll was conducted with 1,163 respondents from October 19-24. It contained a margin of error of ±4 percentage points.

The White House did not immediately respond to a request for comment.

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