Among the many concepts that individuals have created in order to understand the world around them, the concept of dreams is the most important factor in determining the path they choose in life. The concept of The American Dream is a utopia carved by the acceptable norms of the society, which came into existence when the Puritans decided to inhabit America in order to gain religious freedom and a desired community. It is a particular type of dream that gives people resilience in order to pursue their goals through hard-work, resulting in upward mobility of the individual. But the American Dream is not just limited to upward mobility; it also constitutes the idea of having a traditional family, a house in the suburbs, a car and, also, freedom. According to Gregory Clarke, an economist, the notion of social mobility is an illusion now due to the huge influx of immigrants, resulting in an increase in the competition towards upward mobility.

Millennials are by far the most educated generation and have a better standard of living than any other generation. But the American dream is increasingly becoming impossible to achieve. The major issue in achieving this dream is that this generation is the most educated and has the best standard of living than any other generation. It is due to this that the competition and resistance to achieve the American dream is increasingly difficult. But the American dream is not an illusion yet, it is just changing its shape to fit the modern world's definition of the American Dream.