The American Dream: LV Friday Five, July 27, 2012

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Friday FiveFor many, the American Dream traditionally meant working hard and earning enough money to raise a family, own a home, send your children to college and retire comfortably. This week we wondered just what the American Dream looks like today.

After seeing their retirement investments plummet in the stock market, one couple felt that the American dream had failed them, so they’re moving to Ecuador, where the cost of living is lower than at home.

A new study reveals that many Americans won’t invest in a college education because they don’t think it merits such a high price tag.

Hoping to balance work and family, many people choose to work from home, but research shows that this might hurt your chances at a promotion or pay raise.

In this week’s Market, we looked at the rates of economic mobility in the United States and wondered just how attainable the American Dream actually is.

Even though people are earning more than they used to, inflation is increasing, too. Our friends at MainStreet report that workers need to keep earning more to keep up with the rate of inflation.