Wages Through the Ages: Men Earn Less Than Fathers at Same Age
A new report finds that men in their 30s make less money than their fathers did at the same age, raising questions about deeply held notions of social mobility and the realities of the American Dream.
It's not just because they're typical Generation X slackers either.
The study, "Economic Mobility: Is the American Dream Alive and Well?," conducted by economists at the Pew Charitable Trusts, the Brookings Institute and several other think tanks, found that absolute mobility—or the economic growth rate that allows a generation to improve relative to a previous generation—has fallen.
Read the full article at abcnews.com.
- Economic Mobility Project