Nearly Half of Millennials Say the American Dream Is Dead—Here’s Why

Belief in the American Dream among millennials is dimming as the nation’s largest generation continues to face steep socioeconomic barriers despite overall economic recovery, according to a new report.

Americans aged 18 to 29 face an unemployment rate of 8 percent compared to 3.7 percent for those over 29, a study says. A protester wears a dollar bill over his mouth at the start of a march by demonstrators opposed to corporate profits on Wall Street in New York City on Sept. 30, 2011. Mario Tama/Getty Images

Belief in the American Dream among millennials is dimming as the nation’s largest generation continues to face steep socioeconomic barriers despite overall economic recovery, according to a new report.

Generation Opportunity, a nonprofit organization advocating limited government to spur opportunity for young Americans, reported Tuesday, Jan. 12, that for the first time in U.S. history, a younger generation may be left worse off than the one preceding it.

For the first time in U.S. history, a younger generation may be left worse off than the one preceding it.