We all know about the American Dream, right? Start out poor, work hard, become rich. But Diana Elliott, with the Pew Research Center’s Economic Mobility Project , says there’s a wide gulf between The American Dream Idea and The American Dream Reality.
“Many Americans believe that it’s possible to start poor and become wealthy over the course of a lifetime,” says Elliott. “But in fact, when we look at the data, we see that just 4% of Americans start at the bottom and make it all the way to the top in that next generation.”
So how did that 4% do […]