Is The American Dream Dead?
This is from a post at The 13th Juror.
“Doing better” than one’s parents has long been a key element of the American Dream. The story, embedded in our history and our literature, suggests any person can start from humble beginnings and achieve great wealth, or at least reach the middle class.
But is it true?
The “rags to riches” story is much more common in Hollywood than on Main Street, says a new report from the Economic Mobility Project. Only 6% of children born to parents with family income at the very bottom move to the very top.
Other findings include:
