The US is the world’s largest economy and the most powerful country on earth. She is often referred to as a dream country for immigrants seeking a better life. Is the “American Dream” a realistic goal or is it just a dream for most people ?

In 2024, approximately 35.9 mln people in the US were living in poverty, representing an official poverty rate of 10.6%. According to the Federal Reserve’s "Report on the Economic Well-Being of U.S. Households in 2024", 37% of American adults could not cover a US$400 emergency. This means high vulnerability to small financial shocks for a large portion of Americans. Relatively small, unexpected expenses, such as a car repair or a modest medical bill, can be a hardship for many families. 

Unfortunately, the probability of the US experiencing a financial and economic crisis is rising by the day given the frothy US stock market valuation, huge fiscal deficit and public debt, an impending recession, looming inflation, and a dangerous president. America’s social problems will only get worse in the coming months. This explains why Tan Teng Boo remains deeply worried over the NYSE and NASDAQ in 2026.