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Excessive Post-Secondary Costs
Excessive Post-Secondary Costs
One of the most leading causes of the death of the American Dream, is the excessive costs of a post secondary education. Without attending some type of higher education or acquiring a degree of somesort, the number of jobs available and pay grades are very limited compared to someone who has attended college.
Average cost of college tuition over the past 50 years or so
Average cost of college tuition over the past 50 years or so
As seen in the graph to the right, the average cost of tuition has raised roughly $20,000 from 1963 to 2017. This averages out to about a $400 increase per yer.
From "Keeping up with Modern Society: Rising Cost of Higher Education" by Noa Maltzman
Taken from "College Dropout Rates" on Educationdata.org
#1 reason for dropping out of college
#1 reason for dropping out of college
Financial insecurities have caused roughly 38% of college students to drop out. This, in turn, makes securing a well paying job much more difficult.
Medium income based on the level of education received
Medium income based on the level of education received
It is to no surprise that the higher level of education you have completed most often leads to a higher income. But, were you aware that this can be up to a $75,000 difference? As you progress your education level, your expected income slowly starts to increase, making the American Dream more attainable as seen to the right.
Taken from "Here's How Women Are Being Denied The American Dream", an article from the Elite Daily's website written by John Haltiwanger
outrageous number of Minimum wage jobs
outrageous number of Minimum wage jobs
Another primary reason for the death of the American dream is the amount of low wage jobs in America today. The number of low wage jobs, which are most commonly some of the easiest jobs to attain, are only increasing, which is trapping these citizens to a life of substandard living conditions.
These jobs lack many crucial benefits:
These jobs lack many crucial benefits:
Healthcare
Healthcare
Pensions/Retirement
Pensions/Retirement
Insurance
Insurance
Cause many citizens to rely on Welfare:
Cause many citizens to rely on Welfare:
Not only do these jobs lack several benefits, but they often lead American citizens to rely on welfare or use it as a backup option when needed. This most commonly leaves these people to live with low quality housing, along with many other basic necessities, which creates a cycle that may carry on through several generations.
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