Upward mobility is a myth

 

Source: Robert J. Samuelson, Washington Post ( Paid Registration )

It’s an axiom among many Americans that each future generation will live better than its predecessor.

Among many young Americans, however, there is downward mobility. The children aren’t achieving what they (and their parents) expected. Even when they have (and many have), the gains could be eroded in the future. The trajectory is not inevitably up.

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