I wanted to know what these words meant to us today. I needed to know what parts of the American Dream we all still had in common. I had to make some sense of what was happening to our country. I’ve been writing on my blog since 2004, and on November 7th, I started writing the most difficult piece I have ever written.
I asked so many Americans to tell me what the American Dream personally meant to them, and I wrote it all down.
Later in November, I attended a theater performance of The Outsiders at my son’s public high school – an adaptation of the 1967 novel by S.E. Hinton. All I really knew was the famous “stay gold” line from the 1983 movie. But as I sat there in the audience among my neighbors, watching the complete story acted out in front of me by these teenagers, I slowly realized what “stay gold” meant: sharing the American Dream.
I had no idea how close we were to the American Gilded Age from the late 1800s. This period was given a name in the 1920s by historians referencing Mark Twain’s 1873 novel, The Gilded Age, A Tale of Today.
During this time, labor strikes often turned violent, with the Homestead Strike of 1892 resulting in deadly confrontations between workers and Pinkerton guards hired by factory owners. Rapid industrialization created hazardous working conditions in factories, mines, and railroads, where thousands died due to insufficient safety regulations and employers who prioritized profit over worker welfare.
In January 2025, while I was still writing “Stay Gold, America”, we entered the period of greatest wealth concentration in the entirety of American history. As of 2021, the top 1% of households controlled 32% of all wealth, while the bottom 50% only have 2.6%. It’s difficult to find more recent data, but wealth concentration has only intensified in the last four years.
We can no longer say “Gilded Age.”
We must now say “The First Gilded Age.”
Today, in our second Gilded Age, more and more people find their path to the American Dream blocked. When Americans face unaffordable education, lack of accessible healthcare, or lack affordable housing, they aren’t just disadvantaged – they’re trapped, often burdened by massive debt. They have no stable foundation to build their lives. They watch desperately, working as hard as they can, while life simply passes them by, without even the freedom to choose their own lives.
They don’t have time to build a career. They don’t have time to learn, to improve. They don’t get to start a business. They can’t choose where their kids will grow up, or whether to have children at all, because they can’t afford to. Here in the land of opportunity, the pursuit of happiness has become an endless task for too many.
We are denying people any real chance of achieving the dream that we promised them – that we promised the entire world – when we founded this nation. It is such a profound betrayal of everything we ever dreamed about. Without a stable foundation to build a life on, our fellow Americans cannot even pursue the American Dream, much less achieve it.
I ask you this: as an American, what is the purpose of a dream left unshared with so many for so long? What’s happening to our dream? Are we really willing to let go of our values so easily? We’re Americans. We fight for our values, the values embodied in our dream, the ones we founded this country on.
Why aren’t we sharing the American Dream?
Why aren’t we giving everyone a fair chance at Life, Liberty, and the Pursuit of Happiness by providing them the fundamentals they need to get there?
The Dream worked for me, decades ago, and I deeply believe that the American Dream can still work for everyone – if we ensure every American has the same fair chance we did. The American Dream was never about a few people being extraordinarily wealthy. It’s about everyone having an equal chance to succeed and pursue their dreams – their own happiness. It belongs to them. I think we owe them at least that. I think we owe ourselves at least that.
What can we do about this? There are no easy answers. I can’t even pretend to have the answer, because there isn’t any one answer to give. Nothing worth doing is ever that simple. But I can tell you this: all the studies and all the data I’ve looked at have strongly pointed to one foundational thing we can do here in America over the next five years.
Natalie Foster, co-founder of the Economic Security Project, makes a powerful case for the idea that, with all this concentrated wealth, we can offer a Guaranteed Minimum Income in the poorest areas of this country – the areas of most need, where money goes the farthest – to unlock vast amounts of untapped American potential.