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

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.