The American Dream Is Dying. HUD Secretary Scott Turner Aims to Revive It.

he American dream is in crisis.

A study published by Pew Research last year found that only 42% of adults under 50 say the American dream is still attainable. The belief is bipartisan: Only 38% of Democrats under 50 and 48% of Republicans under 50 believe it is possible to achieve the American dream.

President Donald Trump felt the storm gathering. He turned heads when he descended down the golden escalator of Trump Tower in 2015 and thundered that “sadly, the American dream is dead.” He captured that lightning in a bottle not once but twice, observing that under former President Joe Biden and former Vice President Kamala Harris, “you don’t hear about the American dream anymore—it’s dead.”

And what’s the American dream without the white picket fence? Generations of Americans have grown up believing that owning a home has been a key tenet of living the American dream, but homes are increasingly unaffordable. For this monumental task, Trump has tapped Housing and Urban Development Secretary Scott Turner. Turner joined “The Signal Sitdown” this week to discuss a housing crisis that isn’t just about houses—it’s about the soul of our homeland.
One reason why young Americans and their families feel the American dream slipping away is the increasing unaffordability of a home for the average American. From the 1960s to the 1980s, the average house cost about three times the yearly median wage in America. Today, the average house costs seven times the yearly median wage.

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