What Decided the American Dream?

The American dream that came out in the 50s was about the wonder of economic growth, technology, peacetime and abundance and opportunity for everybody. That mentality is terrifying because it creates a misalignment of present self and future self. If you look back and inflation adjust wages for the average median American or the average American, over the last 45 years, has not gone up at all. So there's been no productivity growth. The miracle never happened. But in the meantime, the price of assets went up. And they got this massive gap between their earnings and the costs of assets that you secure your future income in kept going up. They borrowed money. When you basically adjust by asset prices