Zohran Mamdani says ‘you have to luck out in some big way’ to achieve the American Dream now—and many people see better odds of winning the lottery

New York City Mayor Zohran Mamdani warned that people may start to lose hope in the American Dream if it is perceived as being out of reach, likening it to the decline in democracy during the rise of fascism in Europe. He believes that affordable housing, childcare, and groceries are essential for a good life, and his administration has been working to make these more accessible.

Mamdani noted that the odds of achieving the American Dream feel like winning the lottery, and many people view it as their only chance. He expressed concern that this perception may lead people to give up on their aspirations. Mamdani acknowledged that he is among the fortunate few who live the American Dream, but he urged the city to harness its wealth to make it more affordable for everyone.

He emphasized that the American Dream is still alive, but it is slipping out of reach for too many people, which could slow economic growth and hurt communities.