A 45% plurality of respondents said that notion held true once but not anymore. 19-24 Wall Street Journal/NORC poll found that only 36% of voters said the American dream - " that if you work hard you'll get ahead" - still holds true, down from 53% and 48% in similar polls in 20, respectively. 18 forum on "Education, Elitism and Economic Opportunity." "These kinds of changes in our economy have led a lot of people to express frustration about this being a country where it's no longer easy to get ahead, even through hard work," Harvard's Chetty said at an Oct. had a typical life expectancy for an affluent country," but now it ranks lower than its peers and even many poorer countries. "Income and wealth inequality have both soared" in America, but the "clearest sign of our problems" is the "stagnation of life expectancy for working-class people," Leonhardt argued at the Times. The wealthiest 1% of Americans now bring home more than 40% of the country's total income, up from 10% in the 1950s and '60s, and they control 31% of the nation's wealth while the bottom 50% has only 2.5%. Former Labor Secretary Robert Reich added at Substack that "the earnings of the typical American have barely budged (adjusted for inflation)" over the past 40 years, while the compensation for CEOs of large corporations has skyrocketed to 300 times the pay of their typical worker, from 20 times in the 1950s and '60s. family had a slightly lower net worth in 2019 than a typical family in 2001, Leonhardt reported in his new book about the fading of the American dream, " Ours Was the Shining Future." "There has not been such a long period of wealth stagnation since the Great Depression," he wrote. The numbers, to some extent, speak for themselves.Ī typical U.S. Why do Americans think the dream is dying?
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