A new survey shows most Americans feel they aren't living the American dream, despite being wealthier and more educated than ever.
The study, conducted by the marketing firm DDB, found that only 40 percent of American adults believed they were living the dream.
However, 66 percent of Americans owned a home, 78 percent received a good education, and 74 percent said they've found a decent job—all widely believed to be part of the American dream.
The disconnect may be because achieving and maintaining the American dream have become so difficult that people are not enjoying it, said Mosche Cohen, former professor at Columbia Business School.
People are trying to "shoehorn themselves into this concept of the American dream, and they are losing the freedoms it's supposed to provide," he said in an interview with CNBC's "Power Lunch."