When you make statements that are so clearly exaggerated, it calls into question all your other statements. Example: you state, “And that means that today’s college education, which costs easily $500k, is going to reach $1 million soon enough.”
According to the College Board, the average cost of tuition and fees for the 2017–2018 school year was $34,740 at private colleges, $9,970 for state residents at public colleges, and $25,620 for out-of-state residents attending public universities.
These prices do seem high, but there are an abundance of scholarships of a wide variety that minimize the financial pinch. My daughter went to an excellent school, about five years ago which was 18K per year, but she got 10K in scholarships, and graduated in 3 years because the school system offer special programs to gain college credits the final two years of high school. In short, her college degree was less than $25K upon graduation.
Rugged frontier individualism is a problem where it exists, but as I noted elsewhere, there is a massive amount of unselfish generosity in the country. In our town volunteers do plenty to feed the needy. One day our church paid for 100% of all laundromat costs as a way to help homeless and poor get clean clothing… they collect clothes and continuously refill the barrel.
My father grew up poor (3 room house, six kids, no indoor plumbing) and via schooling escaped poverty so that his children would grow up with material advantages he never had. We all got a college education, but he did nore than take care of his own. He went to house sales and estate sales every weekend and bought blankets, goods, and other items and brought them to the shelters and places in Allentown where they distribute clothes and such to the needy. He brought so much stuff, in fact, that they asked him to stop bringing things for a while.
THE POINT of that story is that to paint Americans as individualist, materialistic back-stabbing win-or-else types is a false picture.
NOTE: I do not think All Americans are wonderful, generous angels. There is no such thing as a homogenous mash that describes everyone.