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Ability to achieve American Dream getting better

Portage County Association of Realtors Published: July 7, 2017 4:00 AM
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Forbes.comr ecently released the latest results of theirAmerican Dream Index, in which they measure "the prosperity of the middle class, and examine which states best support the American Dream."

The monthly index measures several different economic factors, including goods-producing employment, personal and commercial bankruptcies, building permits, startup activity, unemployment insurance claims, labor force participation, and layoffs.

The national index score was rounded out to 100.0 in January as a baseline for comparison and it rose the fourth straight month in a row to 101.8.

Alaska, coming in at 89.4, represented the lowest score on the index due in part to the recent collapse in oil prices. In contrast, Wyoming came in with the highest score at 115.1.

Forbes Senior Editor Kurt Badenhausen explained why many states saw a boost in the index last month:

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"The American Dream Index rose for the fourth straight month to 101.8 propelled by gains in goods-producing jobs and building permits, as well as declines in unemployment claims and mass layoffs.

Goods-producing jobs (manufacturing, mining, construction and agriculture) were up for the ninth straight month in May Building permits rose for the fourth straight month compared to the prior year."

Bottom Line

The American Dream, for many, includes being able to own a home of one's own. With the economy improving in many areas of the country, that dream can finally become a reality.

From Keeping Current Matters

From Carol Foote, president of Portage County Association of Realtors, "Helping Our Neighbors & Protecting the American Dream"


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