A recent poll conducted by GFK Custom Research for Credit.com found something that precious metals investors already know–the new iteration of the “American Dream” has less to do with home ownership and a lot more to do with being financially secure.
Owning a home clocked in at third place on the list of American Dreams: the top two slots were “retiring financially secure at 65” and “being debt-free.” Because more young people (18- to 24-year-olds) were more likely to want to be debt-free while most people close to retirement age were worried about retiring, it’s clear that those two goals might actually be the same goal: not having to stress about money.
The recession and myriad of problems that came with it is the primary explanation for this shift–more people know what it’s like to feel pinched. But because it’s the concern of so many young people, and because saving money has become the main goal of 50% of people, maybe we can be prepared the next time.
Precious metals investors already know the importance of saving for the future, of having a way to access needed goods regardless of the economic situation. Maybe this poll means that more people have learned that same lesson.
What is your “American Dream”?
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