Final answer:
The American Dream represents the ideal of achieving success and prosperity through hard work and is closely linked to attaining middle-class status. Despite economic challenges, it remains a motivational concept, though its future sustainability is uncertain.
Step-by-step explanation:
The definition of the American Dream encompasses the belief that every individual should have an equal opportunity to achieve success and prosperity through hard work, determination, and initiative. Historically, achieving the American Dream meant rising from poverty to a middle-class standard of living, embodying economic stability and upward social mobility for oneself and one's family.
The modern interpretation, influenced by historical aspirations and the challenges of economic recessions, still resonates with many striving for success. Despite the global financial crisis in 2008 and the resulting job losses and reduced wealth for the middle class, the Dream persists as a driving force for achieving a higher quality of life. Yet, the current state of the American economy and society poses questions about the future sustainability of this dream, as it depends on the continued availability of opportunity and the ability to improve one's standard of living.