Posted at Hartmann Report on Aug. 2, 2026
Chapter 9: The Numbers Don’t Lie: Who Killed the American Dream: The Greatest Political Crime Ever Told
Measuring the Death of the Dream
The destruction of the American Dream isn’t just an abstraction; it’s measurable. (See Chart 9.1)
In 1980 when Reagan was elected president, at the peak of the American Dream, fully two-thirds of American families were in the middle class. A single income could support a family, buy a house, take an annual vacation, send the kids to college, and even retire with dignity.
Today, only 43 to 47 percent of Americans qualify as middle class (depending on whose numbers and what criteria you use). And it takes two full-time incomes today to achieve what a single union job gave a family in 1980.
