IRS Data: American Dream Evaporates, Amid Mass Immigration, Automation
By News on the Net -- Breitbart—— Bio and Archives--December 9, 2016
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The probability of American children earning as much as their parents has plunged from 92 percent down to 50 percent during the last seven decades, according to a new study of tax data and the shrinking American Dream of upward mobility.
Compared to people born in 1940, the “babies born in 1980 — today’s 36-year-olds — the index of the American dream has fallen to 50 percent: Only half of them make as much money as their parents did,” says a report in the New York Times. -- More...
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