3min chapter

The Gray Area with Sean Illing cover image

Can Raj Chetty save the American dream?

The Gray Area with Sean Illing

CHAPTER

The Fading of the American Dream

The American dream is the idea that through hard work, any kid can go on to have a higher standard of living than their parents. For kids born in the middle of the last century, something like 90% went on to earn more than their parents did. The point here is not literally whether the number is 50% or not; it's whether it's declined relative to the past.

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