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The “American Dream” came to be in the 50s where families moved into suburbs where all the houses looked similar and the families consisted of a husband and wife and kids (preferably 2 or 3 kids) the mother would stay home with the kids, cook, and clean. While the father went to work and brought home the money. Society has come a long way from such expectations.
The American dream was a nice concept, but rarely achievable by most people. I'll use the cogs and clods example for this. If every person had a perfect life, lots of money, and a nice house, money wouldn't have any value anymore. So, for a community to thrive, there needs to be cogs (Rich/successful people), and clods (Less money, less successful). In short, it was and is achieveable, but only to the priveledged few.
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