4 Is the American dream still alive and well?
4 Is the American dream still alive and well? Many people come here with the idea they can become something more and better in life. That they can make money and become rich but the fact is that many Americans are struggling to stay alive and live well. Budgeting for Success is a concern because Americans expend more then what they can afford. Last year, poor families in the U.S. those in the bottom 30 percent of the income scale spent on average almost twice as much money as they brought in., and They also spent a higher portion of their incomes on housing, transportation and food than did middle-class and rich families. It is, as the saying goes, expensive to be poor. Americans expend more then what they can afford. (Ravenscraft, 2015) Last year, poor families in the U.S. those in the bottom 30 percent of the income scale spent on average almost twice as much money as they brought in. (Federal Reserve Board, 2016) They also spent a higher portion of their incomes on housing, transpor...