Sunday, October 24, 2010

Is the American Dream a thing of the past?

The American dream appears increasingly elusive to the average U.S. citizen, with the CNBC All-America Economic Survey finding continued high levels of pessimism in the nation's outlook for incomes, home values, and the future of the economy. (CNBC Survey results released Thursday October 21, 2010, 9:27 am EDT) After trillions of dollars were put to work for monetary and fiscal stimulus, just 8 percent of the nation views the economy as excellent or good and 92 percent see it as fair or poor, little changed from a year ago. But just 37 percent of the public believes the economy will improve in the next year, down five points from a year ago. One doesn't have to look far for the reasons for the prevailing pessimism.

One in ten are unemployed, with the unemployment rate far higher in some sections of the country.  Just one in four Americans believes his wages will increase in the next year. Even fewer, one in five, believes his home price will rise. One of the most dramatic findings in the survey is a sharp turn in views on business regulation. Nearly HALF of Americans now say that business is overregulated - up from 28 percent in other surveys conducted in 2009, and even higher than surveys that asked the question in the mid-1980s! THAT’S BECAUSE SO MANY PEOPLE HAVE STARTED THEIR OWN BUSINESS – AND MANY OF THOSE ARE HOME-BASED BUSINESSES! They don’t want to be regulated at home.  And for them, the dream of a home-based business is the NEW American Dream.

Do you feel the same way?  Since you're reading this blog, you probably do.  If that's the case, then here is a recommended home-based business opportunity for you: Global NPN

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