The American Dream is the ideal that he government should protect each person's opportunity to pursue their own idea of happiness. This is achieved through sacrifice, risk-taking and hard work, not by chance.
At this moment America is a nation obsessed with shopping and buying unnecessary products. People are no longer satisfied with a nice house and a couple of cars but are almost sick with a constant need for more, more and more no matter what the cost. ( Shanzeh Khurram).
Under this statement above mentioned the American Dream is based on materialism.