As someone who spent a decade on the frontlines of Wall Street, I saw the financial system from the inside out. Now years later I have the tools to dissect and describe the mechanisms that are slowly but surely eroding the American dream.
One of the most distressing statistics I've come across is how inflation, the silent thief of our economic well-being, has persistently outpaced any real income gains in recent decades.
This doesn't mean your paycheck hasn't increased – on paper, it probably has. It means that what you can actually buy with that paycheck has been steadily shrinking. Purchasing power is what truly matters, and for most Americans, that power is slipping away.
This has devastating consequences for the very idea of the American dream. No longer can hard work alone be a reliable path to a comfortable middle-class life – owning a home, providing for your family, and ensuring your children have better opportunities than you did.
It's a dream I, like many, aspired to.
Yet, I'm…