Another Obama victory. Three-plus years and Americans are so dispirited they no longer believe in the American Dream.
Nearly half (47 percent) of likely voters believe it is impossible for them to become wealthy in the course of their lifetime, according to a new poll for The Hill.
The survey, conducted as the heated political presidential campaign increases acrimony over the interests of the haves and the have-nots, found that fewer than 2-in-5 likely voters (37 percent) think they can ever become rich.
The findings suggest pessimism about the possibility of upward mobility as economic growth remains weak and jobs scarce.
President Obama and the Democratic Party are targeting families earning $250,000 or more for higher taxes and Republicans accuse them of fomenting class warfare.
In the context of that debate, likely voters were asked what income level would make a family wealthy.
Almost 40 percent of people said that threshold was reached at a minimum $500,000 of annual income. Nineteen percent set the “wealthy” level at $500,000 and 20 percent put the bar above $1 million.
Let’s re-elect Obama and watch that figure skyrocket to 100%.