American Dream 2005

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Parasite

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Late 2000s Financial Crisis

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7 year war

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Equity vs Debt

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American Dream 2005

Data

Subtopic

1/3 of americans plan to be rich one day

Personal saving rate were the lowest they have ever been

Concept

lottery

No debt

money

America suffers

Americans cashed out $333 billion worth of equity on their homes

51% of the equity was used to pay off debts

Cosumer debt had reached an all time high of $2.1 trillion

Averages

8% of people said they need a yearly income of $1 million to be rich

51% of people with a income of$75,000 a year felt they would be rich someday

There is a 19% of making $340,000 in the next 15 years

Movements

Books about how to get rich quick

Buy everything you want

Pay off debts

Money

Everyones lives was focused on winning the lottery

Being rich is the Dream

Everyone is just focused on Money