There is a chill wind blowing across this land of ours. People are losing faith in their ability to realize the American dream. While AIG pays out $165 million in bonuses to people who arguably contributed to the need for the federal government to hand them $170 billion of our money, and while politicians lie about who crafted the language that allowed this kind of stuff to happen (Are you listening Chris Dodd?), the average American is seeing his future disintegrate in front of his eyes.
Here are some numbers that suggest we are losing hope:
A CNN-Opinion Research Corp. poll shows 39 percent of those surveyed say they're very confident they'll be able to keep up their quality of life. That's down from 45 percent a year ago.
Fifty percent of homeowners with a mortgage say they're very confident they can keep making their house payments. Again, that's down from 58 percent a year ago.
Also down are the percentages of Americans who are confident they can pay their other debts, things like credit cards and car loans.
When it comes to saving for long-term goals, it's even worse.
To read Jack's entire CNN.com commentary, click here