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'Fantasy' of the American Dream Now Unravelling

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LOWERED EXPECTATIONS
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Guess what? The stock market isn't for everyone. And neither is college for that matter. Moreover, we don't need anyone in any particular position of authority to tell us this; we can now intuit it from the mere fact of our existence; lowered standards of living, increasing unemployment and the general society of overpromise and underdeliver we now live in. Below is part of what makes for a blistering read.

"On the eve of the Great Recession, the Bureau of Labor Statistics identified the occupations with the largest numerical growth in 2008-2018: registered nurses; home health aides; customer service representatives; combined food preparation and serving workers, including fast food; personal and home care aides; retail salespersons; office clerks, general; accountants and auditors; nursing aides, orderlies, and attendants; and post-secondary teachers. Of these careers, only two -- accountants and auditors, and post-secondary teachers -- require a bachelor’s degree rather than on-the-job training or an associate degree, and only one -- post-secondary teachers -- requires a graduate degree (a doctorate)..... By this definition, there are hardly any capitalists in the U.S. Most of the rich are the "working rich," who derive most of their income from wages or professional fees, not from investments. We are a nation of wage earners, some paid well and others poorly."
POSITION:  No positions in stocks mentioned.
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