This, That, and the American Dream

| 6/20/2012 12:27:18 PM

the american dream 

Remember how it felt when you graduated college?

Perhaps you’re like me, and you grew up learning that a college degree was the key to a successful future. You knew you didn’t want to spend the rest of your life flipping burgers like you did every summer. So you did it: you graduated college, and you proudly walked across the auditorium stage with a big grin. As you shook the dean’s hand, all that was left to do was ask, “What’s next?”

Back then, a loaded question like that was easy to answer: entry level job in a chosen career, graduate school—the options were endless. It was a question that was exciting to answer because no matter what route you chose, the degree all but guaranteed you’d start higher on the ladder than you would have if you’d only finished high school like your older relatives. You could see and feel what had been promised if you applied yourself and got a degree: the American Dream was real, and you were ready to stake your claim.

It felt good to look back on the previous four years of balancing school and work, knowing now that it was all worth it. Soon, you’d be settling into your career, making a comfortable living, buying a house, and starting a family. Sure, there’d be bills to pay, but you’d rest easy at night knowing that you’d continue to work your way up to better paying jobs in your field, and that you’d comfortably pay back your student loans and meet your mortgage payments.

Eventually, the loans would become a distant memory, and you’d be saving your money for your kids’ future. They would share their goals of having a career and starting a family, and you’d be happy to do what you could to help them realize their version of the American Dream. You’d even pay off your house one day and still have enough money left to set aside for your retirement, ensuring you wouldn’t have to work the rest of your life.

6/25/2012 4:05:32 PM

As with most dichotomies, I don't think this holds up all that well, though with broad strokes I agree. You described everything pretty well about my own history, EXCEPT that anyone who thought a "college degree in their back pocket" would help them avoid getting slammed by the greedy among us was, even then, kidding themself. Is the gap between haves and have-nots in the US growing? Sure. But the "haves" have been running the show for a long time. In some ways, education is democratizing in important ways even as the finances of education are doing the opposite.

Dave Chisman
6/25/2012 2:59:45 PM

I am not sure the real "American Dream" is based entirely on material objects. Like money, homes and an expensive car. Some of these dreams come from health, happiness, a good marriage and family. As to education. These days I am not sure it is necessary to go to college or get a big degree to be happy or make a success in life. Big debt for education puts one way behind the starting line in life. Many trade schools or 2 year colleges can offer a better education after High School than the big Universities. To a large extent I think the days of Harvard, Yale and Oxford are numbered. At least to the degree they exist today. Technology has changed and a lot of the demand now is tactical and that doesn't require an 8 year college degree.

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