Posted at Hartmann Report on Apr. 13, 2025
Introduction: We failed to stop them: The Hidden History of the American Dream
Back in the 1980s a lot of us worked like hell to try to stop the Reagan Revolution. We failed. Which is why the next few years may be our last chance to save American democracy, our environment, and what’s left of the American Dream.
When my Boomer generation was the same average age as the Millennial generation is today, back in 1990, our generation held 21.3% of the nation’s wealth.[i] Louise and I shared in that wealth; although we were still in our 30s, in 1990 we owned a profitable small business (our fourth) and a nice home in suburban Atlanta.
Our own locally owned business, a home of our own, and the knowledge that our kids would have more opportunities than we did: that was, in fact, one common way of defining the “American dream.” It was normal then.