Americans who believe that the “American dream” is disappearing will no longer have to be concerned about their future.
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Famed financier and philanthropist Michael Milken, known as the “junk bond king” through the 1980s, told FOX Business that the American dream is still within reach.
A new study from MassMutual revealed that a vast majority of American’s define their “American dream” as having financial security for themselves and their family.
Milken said that he created a center to inspire people and “reinforce the view that everyone has a chance at the American dream.”
“You have these studies showing that not just in America but in Europe people think that they will not have as good a life as their parents did,” he told FOX Business’ Maria Bartiromo during an exclusive interview on Thursday. “Now that was always different, they would have a better life.”
Milken said the center would focus on education, health, providing access to capital and the role of the entrepreneur.
“This American dream is a chance based on your ability — what you can achieve,” he added.