One Generation Later and the American Dream Has Changed
Books About This
One Gereration Ago
Only one generation ago, when I was young, my parents bought a house. It was a new house, with a picket fence around it, and the lawn was not yet grown in the yard. I was ten years old, and I remember it well. It cost them a huge down payment of $600.00 to move into it. Thereafter, it was a monthly payment of $235.00 . This was not difficult for my parents, for my dad worked a regular job, and my mom worked part time.
What has happened in one generation of people? I, now in my fifties, have not had a close chance of being able to do the same, and I have worked two jobs, and sometimes even had more money making ventures out at the same time, and still never came close to being able to come up with the down payment I needed to buy a house. My down payment was closer to being around $25,000 with monthly payments of $1200.00 to buy a house half the size of my parents house. There was no way I could swing this amount of money from my paychecks.
What has happened to our economy and our spending habits, and the amount of money a person who had a family to support could make? What has changed so drastically that our dream of a house with a white picket fence is no longer within the grasp of our American public any more?
The more people that have piled into these states of ours from other countries, seeking a better life for them and their families, have been able to get a hold of the American dream, at least in part. If you would take a drive across our lands, and take a count of how many people from other places were new owners of gas stations, convenience stores, liquor stores, etc. you would find that the majority of these businesses have been purchased by those of immigrant backgrounds. The mom and pop store and restaurant is a thing of the past, and for the most part no longer exists.
When questioned about how they came into the possession of these places a good many will tell you that they were given a sponsorship when they came here from other countries, to help them get a foothold and get started. This practice began with the ending of the Vietnam war when hundreds of thousands of poor Vietnamese immigrants came over here to escape the poverty of their war torn country. These people practised their way of life from Vietnam here, and in most instances could be found to have twenty or more working family members living in a one or two bedroom apartment, sleeping on the floor, eating rice and no more. When you take the amount of money those twenty made and subtract the rent per month, and add together what they had left, and then figure into that the monies they were given to help them buy cars and such things, these sponsors often times gave them amounts equal to their paychecks or better. Sometimes they were just given an amount that was needed in order to purchase that family business.
This practice of sponsoring families has continued during and after each war, or each wave of people who for political reasons fled their own countries. The practice of sponsorship has not been a well known or well discussed topic by the media or news teams on television, but rather the more exciting displays of fighting, robberies, murders and other such things always seemed to make headlines first. Another one of our governments decisions to spend that did not really become public knowledge in all regions, even to this day. As time passed, the spending by our leaders has by far exceeded what was given to them to spend. They were given opportunities to give themselves raises, pay for their own traveling and expenditures by means of an expense account, paid for by and with our tax dollars. This practice has taken on a life of its own, and grown into a monster with sharp teeth ripping into the flesh of our very beings, allowing our leaders to lead lives of leisure and riches, while we pay the tab with our blood sweat and tears.
And It Only Gets Worse
As time goes by, and things continue as they have been going, we find that without change, all things remain the same, or get worse. When a corporation finds that when you get up into the upper management and have the pocketbook and treatment of the royalty of this world, tell me the man who is going to stop it without prodding. As this progressed, the banks, and other financial businesses, along with the population who figured out how to maneuver the money in the market their direction, the wedge between the upper class and the lower class got bigger and bigger.
Today, there is almost no middle class left in working America. We now have more millionaires than ever in our history, and the rich are becoming richer and the poor are becoming poverty stricken. It has been reported that 1% of our public now own 97% of our cash, and it is only getting worse, for the poor that is, and better is you are lucky enough to be on the other side.
It has become a problem of exceptional proportion. In our history, when the poorer working class have become oppressed, war, or civil unrest has been the answer. You cannot hold people down into the lowest of financial places, and expect them to just remain working and be happy with it. Oppression causes people to be unhappy, and they will fight their way out of the problems they find themselves and their families in.