The American Dream is still alive and well, but is more do-it-yourself than dreams of the past, according to the fifth annual MetLife Study of the American Dream.
The 2011 study found that, nationwide, three-quarters of Americans believe building a financial safety net is the key to their American dream, but 30 percent of those surveyed said they don't believe their safety net is adequate. Generation Y is making progress, but nearly three in four Baby Boomers say they lack an adequate safety net.
A financial safety net includes savings to cover living expenses in the event of illness, job loss or other serious emergency, financial and protection products such as life, home and health insurance, annuities and retirement accounts.
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