Millennials Continue to Struggle for Success

Part of the promise of the American Dream is that each generation will do better than the last. Has that happened with our adult children, the millennials? Well, “yes and no,” reports the U.S. Census Bureau. Our children are better educated as a generation, yet more are living in poverty and they have lower rates of employment.  “Young Adults, Then and Now,” released last week by the Census Bureau, examines the nation’s current 73 million young adults, 18 to 34 …

Are You Losing Faith in the American Dream?

When it comes to the question of young people having a better life than their parents, older Americans are short on confidence in the American dream. Just 49 percent of American adults think that today’s youth are likely to have a better life than their parents, down from 66 percent in 2008, according to a new USA Today/Gallup poll. And only 45 percent of Americans 55 and older believe that life will be better for today’s youth. Susan MacManus, a …

Hispanics over 50 are Among the Hardest Hit with Foreclosure Crisis

The pinnacle of the American Dream was becoming a homeowner. However, that dream went bust for many after the subprime bubble crumbled in 2008. At first, minorities and the middle class were the hardest hit by the market implosion; besides these folks, we had no data on how the depression affected the 50+ segment — well, not until now. AARP Public Policy Institute recently published a study called Nightmare on Main Street: Older Americans and the Mortgage. This is the …

Poverty: Be A Part of the Solution

Shock, disbelief, fear, guilt, and empathy…you ask what is she talking about now. Those are the emotions that went through me as I sat this week in the Chicago airport mindlessly gazing up at the TV waiting for my delayed flight to board. CNN had just reported the poverty level has risen to 16% in this country. I certainly don’t think that CNN is an authority on anything so that percentage could vary a bit in either direction, but however …