What happened to the american dream

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what happened to the american dream

What Ever Happened to the American Dream by Larry Burkett

Larry Burkett was an American author and radio personality whose work focused on financial counseling from an evangelical Christian point of view. Burkett was born the fifth of eight children. After completing high school in Winter Garden, Florida, he entered the U.S. Air Force where he served in the Strategic Air Command.

Upon completion of his military duties, Burkett and his wife Judy returned to central Florida, where he worked in the space program at Cape Canaveral. He spent the next several years at the Space Center in charge of an experiments test facility that served the Mercury-, Gemini-, and Apollo-manned space programs. While working at the space center, Burkett earned degrees in marketing and finance at Rollins College.

Burkett left the Space Center in 1970 to become Vice President of an electronics manufacturing firm. In 1972, he became an evangelical Christian; an event that had a profound effect on his life. In 1973, he left the electronics company to join the staff of a nonprofit ministry, Campus Crusade for Christ, as a financial counselor where he met Austin Pryor, Ron Blue and other notable financial experts. It was during this time that he began an intense study of what the Bible says about handling money, and he started teaching small groups around the country.

Burkett left the campus ministry in 1976 to form Christian Financial Concepts (CFC), a nonprofit organization dedicated to teaching the biblical principles of handling money. In September 2000, CFC merged with Crown Ministries, creating a new organization, Crown Financial Ministries. Burkett served as Chairman of the Board of Directors until his death.

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What Happened to the American Dream?

The American Dream is a national ethos of the United States , the set of ideals democracy, rights, liberty, opportunity and equality in which freedom includes the opportunity for prosperity and success, as well as an upward social mobility for the family and children, achieved through hard work in a society with few barriers. In the definition of the American Dream by James Truslow Adams in , "life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement" regardless of social class or circumstances of birth. The American Dream is rooted in the Declaration of Independence , which proclaims that " all men are created equal " with the right to " life, liberty and the pursuit of happiness.
Larry Burkett

What happened to the American dream?

Previously in America, Jim the butcher put a percentage of his weekly earnings into his savings account every Friday for a few decades and watched it grow with great satisfaction. He could retire in relative comfort with or without supplementation from Social Security. This part of the American dream has been greatly diminished because many people no longer bother with savings accounts that yield very little interest, which has been the case for nearly a decade now. A large portion of the blame for the near-zero interest rates belongs to the Federal Reserve System, which sets interest rates as part of its attempt to control monetary policy and provide economic stability. Every quarter, we hear talk about raising the interest rates, but in recent years, we have only witnessed a single one-quarter percent increase in the rate. We have a choice of continuing to borrow against the future of our children with an ever-increasing national debt, which will inevitably result in financial catastrophe, or taking a step that seems to be anathema to both political parties, which would be exercising fiscal responsibility and actually reducing the national debt. Thomas Jefferson said it is immoral to pass debt to the next generation.

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T he United States has a long-held reputation for exceptional tolerance of income inequality, explained by its high levels of social mobility. This dream is not about guaranteed outcomes, of course, but the pursuit of opportunities. The dream found a persona in the fictional characters of the 19th-century writer Horatio Alger Jr — in which young working-class protagonists go from from rags to riches or at least become middle class in part due to entrepreneurial spirit and hard work. Yet the opportunity to live the American dream is much less widely shared today than it was several decades ago. Attitudes about inequality have also changed. In , a study found the only Americans who reported lower levels of happiness amid greater inequality were left-leaning rich people — with the poor seeing inequality as a sign of future opportunity. In the meantime, the public discussion about inequality has completely by-passed a critical element of the American dream: luck.


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