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By Ivana Kuhar
Washington
26 July 2007
A recent study (March 2007) entitled "Economic Anxiety and the American Dream", finds middle class Americans look at their economic future with a combination of optimism and anxiety. The report by Lake Research Partners finds Americans are making more money than ever, but they are also working harder than ever to achieve their financial goals. For producer Ivana Kuhar, VOA's Jim Bertel has more on the economic life of the American middle class.
American factory worker
In an era of record corporate1 profits, a recent public opinion survey shows the American middle class is becoming increasingly anxious about their economic security.
E. J. Dionne |
According to a recent poll conducted by Lake Research Partners, only 18 percent of Americans believe they have achieved the coveted4 "American Dream".
"The 'American Dream' is firmly rooted in work and in the workplace. It is tied to a job. It is not rooted in a Bahamas vacation, it is not rooted in winning the lottery," says Lake Research Partners President Celinda Lake. She adds Americans define the "American Dream" as basic economic security. "They said that the cornerstones were wages that support a family, affordable5 quality healthcare, opportunities for your children, respect for the work you do, and retirement6 security."
Yet, 31 percent of working Americans say they have incurred7 debt to pay for essential necessities. Meanwhile, American corporate profits are soaring. The Economic Policy Institute reports in 2005, the average CEO of America's 500 top companies earned 262 times the pay of the average worker.
Elisabeth Jacobs |
Jacobs says major income losses are increasingly common, as more Americans lose their jobs to outsourcing or company downsizing. Further, health care costs are rising dramatically, leaving an estimated 46 million Americans without health insurance.
Jim Kessler of the Third Way, a strategy center for progressive issues, says economic anxiety among working class Americans is a by-product10 of global economic changes. "We're in a once-in-a-century period of just vast, convoluting, unremitting economic change that is going on and that is making people uncertain. The middle class feels that the rules for economic success have changed and they are on their own to figure them out."
Kessler says the ongoing11 global economic restructuring will not be stopped nor slowed. He suggests the way to help American workers prepare for success in the new global economy is to make high quality education more affordable to all Americans.
1 corporate | |
adj.共同的,全体的;公司的,企业的 | |
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2 columnist | |
n.专栏作家 | |
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3 dime | |
n.(指美国、加拿大的钱币)一角 | |
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4 coveted | |
adj.令人垂涎的;垂涎的,梦寐以求的v.贪求,觊觎(covet的过去分词);垂涎;贪图 | |
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5 affordable | |
adj.支付得起的,不太昂贵的 | |
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6 retirement | |
n.退休,退职 | |
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7 incurred | |
[医]招致的,遭受的; incur的过去式 | |
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8 volatility | |
n.挥发性,挥发度,轻快,(性格)反复无常 | |
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9 futures | |
n.期货,期货交易 | |
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10 by-product | |
n.副产品,附带产生的结果 | |
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11 ongoing | |
adj.进行中的,前进的 | |
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