American Dream eludes more than ever: 4 of 5 U.S. adults jobless - Fox 2 News Headlines

American Dream eludes more than ever: 4 of 5 U.S. adults jobless

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CHICAGO (FOX 32 News) -

The American Dream may be out of reach for four out of five U.S. adults. The findings of a shocking new survey paint a bleak picture about more about the economic hardships they still face.

The economy is improving, but not everyone is feeling it.

New data shows that four out of five adults in the United States struggle with being unemployed, being near poverty or relying on welfare at some point in their lives, according to a new Associated Press survey.

These survey results come as President Obama works to renew his administration's focus on the economy. In recent speeches, the president has indicated that getting the nation's economy back on track is top on his list of things to do.

In particular, Mr. Obama said he wants to rebuild the ladders of opportunity and reverse income inequality.

But given the numbers crunched by AP, the president has his work cut out for him.

Four out of five Americans can't find work. They're living in poverty or else collecting checks from the government. For them, the American Dream will never be.

The survey shows the gap between rich and poor is only getting bigger.

What's interesting about these recent findings is that more white people are experiencing hardship than ever before. Not surprisingly, they are pessimistic about the future.

It's estimated that 19 million white people fall below the poverty line of $23,000 a year for a family of four. That's actually double the number of poor African Americans.

In fact their hope for the future is bleaker than ever: 63% of them called the economy "poor."

One woman from Virginia told the Associated Press that companies aren't hiring - and the ones who are hiring aren't paying much.

For many white people in America, it's the story of going from bad to worse. For instance, there are more single moms who are "white" than those who list themselves as "non-white."

The poverty rate among the working class whites rose from 8% to 11%. More children are living in high poverty, which is likely to result in higher pregnancy and drop-out rates.

That means there will be more people who will depend on the government to survive.

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