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How the 2 biggest status symbols of the American Dream came to pose the greatest risk of an inflation crisis

American Dream

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The American Dream has long paired ideals — opportunity, liberty, and equality — with some material items. A TV. A white picket fence. A yard.

Material prosperity has been part of the equation ever since the US emerged as an economic superpower after World War II in 1945. When rations and restrictions lifted, consumers spent wildly from their wartime savings on everything from cars to homes, with homeownership rates increasing by 21% from 1940 to 1960. 

As Larry Samuel, author of “The American Dream: A Cultural History” and founder of consultancy firm Age Friendly details ⇒

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