New Study Confirms American Dream Has Faded
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FEATURING ROBERT MANDUCA – A new study published in the journal Science examines the financial prospects of Americans and how they have dropped depressingly low. The study is titled, “The fading American dream: Trends in absolute income mobility since 1940.” It confirms what most Americans have seen happening in their own lives – that measures of “upward mobility,” or how much more your children earn than you – have dramatically dropped.
Robert Manduca, PhD Student in Sociology and Social Policy at Harvard University, co-author of the new study published in Science.