Research shows that poor people in the US are 20 times less likely to believe hard work will get them ahead than their (poorer) Latin American counterparts – with white Americans particularly pessimistic.
What’s driving their despair?
The United States has a long-held reputation for exceptional tolerance of income inequality, explained by its high levels of social mobility.
This combination underpins the American dream – initially conceived by Founding Fathers as each citizen’s right to the pursuit of life, liberty and the pursuit of happiness.
This dream is not about guaranteed outcomes, of course, but the pursuit of opportunities. Yet the opportunity to live the American dream is much less widely shared today than it was several decades ago.
While 90% of the children born in 1940 ended up in higher ranks of the income distribution than their parents, only 40% of those born in 1980 have done so.
At this week’s METal we will discuss what the new dream is and how achievable it is for the country.Join Report
From March 31, 2018 9:35 am to 11:35 am Save to calendar