Dream Deferred
What exactly is the American dream? Does it still exist? Did it ever exist? The NYT’s David Leonhardt quantifies the American dream, with the help of some excellent (if a little depressing) charts. Here’s an overview: In the past, “thanks to rapid, widely shared economic growth, nearly all children grew up to achieve the most basic definition of a better life — earning more money and enjoying higher living standards than their parents had.” That is far from the case today.
+ Vox: Did declining social mobility cause Trump’s rise? In a word, no.