All right, well, more Americans say they're losing faith in the idea of the American dream as the cost of owning a home because it's too much for many. A new report from ratings agency, Fitch, found US properties are now selling for at least 10 % above their actual value. And in a recent Wall Street Journal poll, just 36 % of voters say the American dream is still alive and well. That's down a staggering 32 % from last year. Meanwhile, many of America's young adults are not even considering homeownership, thanks to high costs and inflation. In 1981, the average home buyer was 31 years old. Now, that average has jumped all the way up to 49 years old. Kim, just 15.5% of homes for sale in 2023 were considered affordable for the typical US household. Is the American dream dead?

I have to tell you, Nicole. You said you have three little ones. I have one son. He's 26. He just moved out here. He's in finance, real estate, investment banking. I talk to him and all of his colleagues and friends from school, got a great education, did all the right things, was of service, got involved in charity, checked all the boxes. They all say they are so discouraged. He's five years away from that 31-year-old that you just said. He said, Mom, I will never till I'm like 55, griff's age, a young man, just came to life, I love you, to be able to afford a home. I mean, and especially in L. A, we were talking about interest rates, mortgages, the property taxes. Nicole, it's impossible. That's discouraging.

It certainly is. And, Cliff, you have a daughter going to college, you have one in graduate school. I mean, what does the future look like for them?

I'm glad you asked me that because it's really heartbreaking this story at the level of pessimism that young people are facing. And also there was an ABC survey in Wall Street Journalical related to this saying that less than 20 % believe that the next generation is going to be better off. That's every parent's dream, that our children would have a better life and achieve the American dream faster than we did. And my late father, God love him. When I've moved to DC as a young 20 something, he's like, I was looking at places and he's like, You got to buy a house. I'm like, I don't want to buy a house. I have a little bit of money left over after college. He's like, You got to invest it. I'm going to invest it for you or buy a house. I'm going to buy a small place. Now, 25 years later, with two kids, 25 years of marriage, my wife and I paid our mortgage off a few years ago. Now we can do something maybe with that. And so there is still a relevant reason to believe in the American dream and that anybody from any background can Excel if you apply yourself and do many things.

But now there's so much pessimism in the views of what they can do in not buying a house that it's concerning.

Well, Kaylee, so obviously, affordability is a huge factor here, but there's also a cultural shift as well, where you have younger generations not actually wanting to go out and have that American dream, not looking for the mortgage they want to perpetually rent.

Right. Well, in large part it's because it's seen as inaccessible right now. That Wall Street Journal poll found that the disillusionment is especially pronounced among Gen Z, my generation, with just 28 % of young adults saying that they believe that hard work is going to help them advance. And I get it. I'm one of those young adults who would love to buy her first home, but can't. Thank you, Joe Biden. And so this is part of the problem is how do you convince younger adults to still work hard and to still their dreams when they feel like they're inaccessible? And I do want to say, though, that I think there is a sense of entitlement that we're going to have to break through with Gen Z and that the American dream isn't handed to you. It does have to be earned. And so it's a mix of both of those things that maybe they think it's inaccessible, but also maybe they think they deserve it when.

Maybe they don't.

Tammy, what's your take?

Well, I think also we've had a couple of big events for the last generation. I had saved a lot of money. I was ready to buy a house, and the 2007-08 crash happened. So there's a lot of people. Housing went underwater. You owned a house, and suddenly it was worth less than what you owed on it. And that shocks a generation. And then, of course, COVID. Businesses closed. People had to spend the savings for kids' colleges and your 401(k). So that becomes like family-generation shocks. And you begin to think, as I have, saving up again. What do I do? Is the market going to crash again? The world's at war again? What are we dealing with here? There's a lack of confidence in the nature of the stability of the economic dynamic. Joe Biden has not helped that.

More outnumbered in just a moment.

Hey, everyone. I'm Emily Campano. Catch me and my co-host, Harris Falkner and Kaylee Mechanemi, on Outnumbered every weekday at 12:00 PM Eastern, or sets your DVR. Also, don't forget to subscribe to the Fox News YouTube page for daily highlights.