The Dream Of The American Dream - 1732 Words

The American Dream is that dream of a land in which life should be better and richer and fuller for everyone... (Adams, 1931, p. 214). The dream of our ancestors has not changed with the passage of time, but achieving the dream of financial independence has become much more difficult for the average American. Reviewing data compiled over the last few decades paints a bleak picture: wage disparities have increased, savings rates have fallen, and pension plan failures have escalated. What s more, benefits provided by private defined benefit plans and the U.S. Government continue to see reductions. These sobering facts do not depict a reality where the American Dream of financial independence still thrives. While difficult, the dream is†¦show more content†¦The ability to achieve financial independence at a time when real wages have increased only marginally coupled with Americans lack of financial knowledge and understanding of investments leads directly to reduced saving rate s and investment habits. The call to action cannot be clearer, investing is a necessity. And yet, less than 48% of adults in the United State have savings invested in stocks, one of the best potential options to accumulate funds for an emergency or retirement. However, various options do exist to aid an individual uncomfortable with investing. A passive investor can utilize a broker, a representative who buys and sells investments for an individual. However, brokers are expensive to engage as they receive commissions on each buy or sell transaction they execute. A second option available for investing is to work with an advisor. An advisor provides recommendations, generally, does not receive commissions, but receives compensation on a percentage of invested assets. The median fee range is, .25% for high net worth clients to 1.50% for clients with smaller account balances on top of hourly fees. Taking the path of least resistance and hiring a broker, or advisor, although requiring l ittle intervention on an individuals behalf reduces your investable assets, and therefore futureShow MoreRelatedAmerican Dreams : The American Dream1068 Words   |  5 PagesAmerican Dream? American Dream: Noun, the ideals of freedom, equality, and opportunity traditionally held to be available to every American. That is the definition of the American dream according to Dictionary.com, but the American Dream is more than a definition, but a way of life for many. Millions of immigrants come to our country in search of this â€Å"American Dream† including my grandparents but more and more are disappointed. 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