The consumers surveyed said the most important elements of the American dream are: #1. Owning a home I love (19%) #2. Affording rent and living expenses without hardship (15%) #3. Starting a family (14%) #4. Finding a fulfilling career (14%) #5. Sending my child to college (10%) #6. Building retirement savings (9%) #7. Being able to afford luxuries (7%) #8. Owning a car (5%) #9. Earning more than my parents (social mobility) (3%) #10. Owning a pet (2%)
However, Americans fear that portions of their American dream may be slipping away, according to the survey conducted by Hearth, a “fintech” startup that helps homeowners make financial decisions during renovations. Fewer than one in five Americans surveyed say they are fulfilling their American dream. Eighteen percent said they are fully living the American dream, while 36 percent say they are living only parts of it and 28 percent say it’s within reach.
Forty-nine percent of millennials surveyed who were renting their home said that owning a home was crucial to them. Ninety-four percent of the millennials surveyed said that homeownership is important to achieving the American dream, with 55 percent saying owning a home they love is “very important.”
Ninety-seven percent of homeowners surveyed believe renovations are an important part to the American dream. Fifty-five percent of homeowners said owning a home they love is crucial, but only 3 percent believe they could achieve an American dream home without a renovation, according to the survey.
Overall, the top three U.S. states for consumers who say they are living the full American dream are Wyoming (40%), Delaware (38%), and Colorado (36%).
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"Rebecca was helpful and professional throughout the entire buying process. She worked with me to get the home that I wanted for the right price. I believe she put my best interests in front of commission when making suggestions on homes and how much I should pay when something that interested me came up. I highly recommended her as agent and will keep her in mind if I ever have a need for a real estate agent again."