Pew Charitable Trusts recently released a report on "Economic Mobility: Is the American Dream Alive and Well?" that reveals that the average American male makes considerably less, when adjusted for inflation, than his father did at the same age thirty years ago.
The Financial Times reports that an MIT study has discovered that workers with undergraduate degrees are losing ground on earning power.
Bottom Line: unless things change, the next generation is going to have a lower standard of living than this one.
It used to be that parents wanted their kids to have it better than they did. This generation appears content to live well at their children's expense.
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