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He also found the United States had one of the lowest levels of inter-generational mobility in the wealthy world, on a par with Britain but way behind most of Europe.[Reuters]
But I think this does not correctly characterize the American dream:
The likelihood that a child born into a poor family will make it into the top five percent is just one percent, according to "Understanding Mobility in America", a study by economist Tom Hertz from American University.
I thought Poemless described the dream well
And to clarify for the Europeans, we were never taught that this just happens organically. The American Dream did not exist in our psyches through sheer propaganda & mythology. Sorry to burst your bubbles about that. Fact is, a significant number of people in this country did become better off than their parents through hard work. That is because their parents & grandparents were often here as refugees, from poverty, oppression or basic lack of opportunity. Or as slaves. So we're talking about starting with nothing but maybe a suitcase and a few contacts, and a few generations later ending up with assets like homes, accomplishments like university degrees, and relative independence to go where, associate with whomever, believe whatever they wanted......
But as I said above, I look forward to reviewing the comparative data on the US and other countries.
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