Friday, December 16, 2016

Trajectory of the American Dream

Probability that children born into the average American household would make more money than their parents, by birth year...

Born in 1940: 92%
Born in 1950: 79%
Born in 1960: 62%
Born in 1970: 61%
Born in 1980: 50%

To obtain the study, download The Fading American Dream: Trends in Absolute Income Mobility Since 1940, National Bureau of Economic Research Working Paper #22910 ($5). For an analysis of the study's findings, see the New York Times op-ed, The American Dream, Quantified at Last.

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