Hey fellow students! My name is Oliver, I am a senior year student, and this is a speech I have prepared for you all here today at John Hopkins University that describes thoroughly how the American Dream has varied through time.
I will also be commenting on the different perceptions of the American Dream, and I'll also be sharing what I think it takes to achieve today's American Dream.
Boomers place equal weight on owning a home and retiring comfortably (59%) and less debt-free. Baby boomers place the most weight on retiring comfortably, followed by owning a home and being debt-free.
Millennials, which is our generation, say that the most important parts of the American Dream are owning a home and having zero debt, with retiring comfortably taking the last place.
The American dream was a term first used back in 1931 by James Truslow Adams in his best selling book.
He described the American Dream like this: "that dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement."
Others describe the American Dream as being able to do what you want, whenever you want and with whoever you want.