Bloomberg Surveillance · Saturday, September 26, 2026
The traditional markers of financial success in America are shifting, with the American dream now being redefined for many to prioritize enjoying life in the present over traditional milestones like homeownership. The high carrying costs and interest rates associated with purchasing a home are making it increasingly difficult, even if individual prices are starting to decrease.
“Yeah, you can say the American dream is being redefined for a lot of people. And it is less about following those traditional milestones that we're talking about and more about actually enjoying your life right here and now.”
“Even if you have a down payment, the carrying costs of a home are hard or the rates are high, as we're talking about. And prices, while their individual prices are coming down, they're not coming down broadly.”