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Fortune
Fortune
Nick Lichtenberg

Jamie Dimon says the American Dream is 'slipping out of reach'—and JPMorgan is spending billions to fix it

Jamie Dimon JPMorgan America Fortune JPMorgan Chase
Photo of Jamie Dimon (Credit: Eva Marie Uzcategui/Bloomberg via Getty Images)

Jamie Dimon has a warning: The American Dream is in trouble. And he’s putting JPMorgan Chase’s money where his mouth is.

The bank’s chairman and CEO on Tuesday unveiled the American Dream Initiative (ADI), a sweeping multiyear effort to expand economic opportunity across the United States. The announcement marks one of the most ambitious community investment programs in the bank’s 225-year history—and comes with a pointed message from its chief executive about the state of the country.

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