In another sign that the struggling U.S. economy is facing tough headwinds, the U.S. Census Bureau has just released a report showing that home ownership -- a key foundation of the “American Dream" -- has fallen to its lowest level since 1998.

Meanwhile analysts at Morgan Stanley, looking at the same data but also adding data on mortgages that are significantly delinquent and viewed as likely to end up in foreclosure, say that the rate of home ownership may actually be lower still, hitting a level not seen since 1965.

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